Shemaroo Entertainment Limited which is tapping the capital markets to raise Rs 120 crs in a price band completed allocation to anchor investors. There are two entities who have come as anchor investors and have been allocated shares under nine different names. The two entities are HDFC Mutual Fund and Birla Sunlife Mutual Fund with HDFC being allotted 55.55% of the issue and Birla Sunlife 44.45%. The total shares allotted under the anchor investor category are 21,17,605 equity shares which would constitute 60% of the QIB portion of the IPO.

While the two investors or nine entities are well known names, one wonders why there are just two investors in an issue which comes from the rapidly growing digital media space? Probably the answers lie with the two merchant bankers of the company ICICI and Yes Bank.