Hindustan Media Ventures Limited (HMVL) today completed the allocation to anchor investors for its issue. The company plans to raise Rs 270 crs from its issue in a price band of Rs 162-175. The company would be issuing 1,66,66,667 shares at the lower band and 1,54,28,571 shares at the higher band. The issue opens on Monday the 5th of July and closes on Wednesday the 7th of July.
The company has today allotted 27,77,120 shares at Rs 166 to 13 entities comprising of 7 groups including Reliance, Canara Robeco, State Bank of India, Birla Sun Life and P I Opportunities Fund. The complete list of entities is given below.
| Name of the Anchor Investor | No. of Equity Shares Allocated | % of the No. of Equity Shares allocated to Anchor Investors |
| Reliance Capital Trustee Co. Ltd. A/c. Reliance Equity Opportunities Fund | 8,43,360 | 30.38% |
| LIoyd George Investment Management (Bermuda) Limited A/c. LG India Plus Fund | 2,10,880 | 7.59% |
| Canara Robeco Mutual Fund A/c. Canara Robeco Force Fund | 40,960 | 1.47% |
| Canara Robeco Mutual Fund A/c. Canara Robeco Emerging Equities | 1,00,000 | 3.60% |
| Canara Robeco Mutual Fund A/c. Canara Robeco Monthly Income Plan | 1,00,000 | 3.60% |
| NTUC Income Insurance Co-operative Limited | 90,360 | 3.25% |
| PI Opportunities Fund – I | 2,71,120 | 9.76% |
| State Bank of India | 2,77,080 | 9.98% |
| Birla Sun Life Trustee Company Pvt Ltd A/c India Advantage (Offshore) Fund | 2,71,080 | 9.76% |
| Birla Sun Life Trustee Company Pvt Ltd A/c Birla Sun Life MIP II – Saving 5 Plan | 1,20,480 | 4.34% |
| Birla Sun life Trustee Company Pvt Ltd A/c Birla Sun Life India Gennext Fund | 90,360 | 3.25% |
| Birla Sun Life Trustee Company Pvt Ltd A/c Birla Sun Life Equity Fund | 3,01,200 | 10.85% |
| Birla Sun Life Trustee Company Pvt Ltd A/c Birla Sun Life New Millennium Fund | 60,240 | 2.17% |
| TOTAL | 27,77,120 | 100.00% |
