Likely allotment price Rs 166
The IPO of Hindustan Media Ventures Limited which had opened on Monday the 5th of July and closed yesterday the 7th of July was fully subscribed. The issue was in a price band of Rs 162 to Rs 175 and the size of the issue was Rs 270 crs.
Details of the subscription were as follows:-
| Category | Shares Offered | Shares Subscribed | Times |
| QIB | 7181737 | 64497600 | 8.98 |
| NII | 1659809 | 5624560 | 3.39 |
| Retail | 4979429 | 4961080 | 1.00 |
| Overall | 13820975 | 75083240 | 5.43 |
Anchor investors book was open on Friday the 2nd July and the company had allotted 27,77,120 shares at Rs 166 per share. In anchor investors there is a rule that if the book built price is higher than the anchor allotment price, the difference has to be paid by the anchor investors while if the same is lower than the difference is not returnable.
If one were to look at the demand pattern it is crystal clear that there is huge demand of roughly 310 lakh shares at the price of Rs 166. As mentioned earlier the anchor investors have also come in at this price. This in all probability will be the issue allotment price.
