Comparison of three issues which closed on 21st September

September 22nd, 2010 No Comments

Three issues namely Career Point, Eros International and Microsec closed their IPO’s yesterday on 21st September 2010. They collectively wanted to raise 612.5 crs and they finally raised almost 24.82 times that amount by raising a total of Rs 15204.16 crs. The smallest issue in terms of size was Career Point and that issue was oversubscribed the most in all categories except the QIB category.

Retail investors who have applied for the maximum of Rs 1 lakh would get firm allotment in Eros and Microsec while it would be a lottery in the case of Career Point.

Career Point Eros International Microsec
No of Shares 3709677 20000000 12500000
Price Band 295-310 158-175 113-118
Size of issue 115 crs 350 crs 147.5 crs
Anchor Investors 656040 3600000 NIL
Overall Subscription 47.39 26.51 12.2
QIB Subcription 25.79 47.45 5.91
HNI Subscription 101.93 73.4 35.88
Retail Subscription 31.74 11.95 11.04
Amount raised 4734.23 8670.78 1799.15
Total Issue Size 612.5
Total Amount Raised 15204.16
Average Oversubscription 24.82
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VA Tech Wabag IPO completes Anchor Investors allotment

September 22nd, 2010 No Comments

VA Tech Wabag Limited which is tapping the capital markets with its IPO which opens on Wednesday the 22nd of September and closes on Friday the 24th of September for QIB’s and on Monday the 27th of September for HNI’s and retail today completed its anchor investor allotment.

What is interesting in the allotment is the sheer interest in the company and the fact that allotment has been made to as many as 26 entities. The total number of shares allotted to these 26 entities is 5,41,136 shares. The two key anchor investors are Emerging Market Management LLC – A/c EMSAF Mauritius who has been allotted 1,75,573 shares or 32.45% of the anchor allotment and Tree Line Asia Master fund (Singapore) PTE Ltd who has been allotted 1,06,870 shares or 19.75% of the anchor allotment. In fact of the balance as many as 24 entities have been allotted 2,58,693 shares.

The anchor allotment clearly shows the interest that is there among the investing public for this issue and the issue would do extremely well when it opens for subscription today.

A full list of the anchor investors list is given below: -

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Eros International Media IPO subscribed

September 22nd, 2010 No Comments

Eros International Media Limited which had opened its IPO on Friday 17th September and closed yesterday the 21st of September was subscribed and had excellent support from all investors. The issue was in a price band of Rs 158 to Rs 175 and was for an issue size of Rs 350 crs. The issue was oversubscribed 26.51 times. The issue had an anchor investor portion where 36 lakh shares were allotted at a price of Rs 165. Looking at the way the book has been built it appears that the issue would now be priced at the top end of the price band of Rs 175.

Retail investors applying for the maximum of 1 lac rupee would get firm allotment.

Details of the subscription by various categories of investors are as follows: -

Category Shares Offered Shares Subscribed Times
QIB 9691140 249890840 47.45
NII 2215189 162594160 73.40
Retail 6645570 79388440 11.95
Overall 18551898 491873440 26.51
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