Aptus Value Housing Finance India Limited – Issue subscribed 17.20 times

Aptus Value Housing Finance India Limited which had tapped the capital markets with its fresh issue of Rs 500 crs and an offer for sale of 6,45,90,695 shares was subscribed 17.20 times. The price band of the issue was Rs 346-353. The issue had opened on Tuesday the 10th of August and closed on Thursday the 12th of August.

Earlier the company had completed allocation to anchor investors by allotting 2,36,26,500 equity shares to 26 Anchor investors comprising of 36 entities at the top end of the band of Rs 353. The highest allocation was made to WF Reconnaissance Fund Limited who was allotted 29,42,772 shares or 12.46% of the anchor allotment. This was followed by Smallcap World Fund who was allotted 24,45,912 shares or 10.35% of the anchor allotment. This was followed by the Genesis group who was allotted 9.15% of the shares through 3 entities. The top 3 anchors were allotted 31.96% of the anchor book. Overall, FPI’s were allotted 91.72% of the anchor book while Domestic investors were allotted 8.28% of the book.

The QIB portion was subscribed 32.41 times, HNI portion was subscribed 33.91 times and Retail portion was subscribed 1.35 times. There were 7.81 lac applications and on basis of lots, Retail portion was subscribed 1.19 times.

Full Details of the subscription are given below: –

Aptus value Subscription

Bucket Size Shares Applied for Times Oversubscribed
QIB 15751000 510486732 32.41
HNI 11813250 400543332 33.91
Retail

27564250 37212378 1.35
Total

55128500 948242442 17.20

Chemplast Sanmar Limited – Issue Subscribed 2.21 Times

Chemplast Sanmar Limited which had tapped the capital markets with its fresh issue of Rs 1,300 crs and an offer for sale of Rs 2,550 was subscribed 2.21 times. The price band of the issue was Rs 530-541. The issue had opened on Tuesday the 10th of August and closed on Thursday the 12th of August.

Earlier the company had completed allocation to anchor investors by allotting 3,20,24,029 equity shares at the top end of the price band of Rs 341 to 43 anchor investors comprising of 78 entities.

The top 4 anchor investors were domestic mutual funds namely: – Axis Mutual Fund, SBI Mutual Fund, Mirae Asset and HDFC Life Insurance who were each allotted 32,34,735 equity shares or 10.10% of the anchor book. The overall book was more or less split between FPI’s and Domestic Investors with the former allotted 48.34% of the anchor book and Domestic Investors getting 51.66%. The top four anchor investors comprising of 21 entities were allotted 40.40% of the anchor book.

The QIB portion was subscribed 2.75 times, HNI portion was subscribed 1.05 times and Retail portion was subscribed 2.34 times. There were 5.12 lac applications and on basis of lots, Retail portion was subscribed 1.94 times.

Full Details of the subscription are given below: –

Chemplast Sanmar Subscription

Bucket Size Shares Applied for Times Oversubscribed
QIB 21349354 58768362 2.75
HNI 10674676 11240073 1.05
Retail

7116450 16629705 2.34
Total

39140480 86638140 2.21

Car Trade Tech Limited – Issue Subscribed 20.29 times

Car Trade Tech Limited which had tapped the capital markets with its offer for sale of 1,85,32,206 shares in a price band of Rs 1,585-1,618 was subscribed 20.29 times. The issue had opened on Monday the 9th of August and closed on Wednesday the 11th of August.

Earlier the company had completed allocation to anchor investors The company allotted 55,59,664 shares at Rs 1,618 to 43 anchor investors. The highest allocation was made to American Funds Insurance Series who was allotted 4,63,527 equity shares or 8.34% of the anchor book. This was followed by an equal allotment to three mutual funds of 3,24,468 equity shares or 5.84% to Axis, Aditya Birla and HDFC. Thus, the top four anchor investors were allotted 25.86% of the anchor book.

At the bottom end of the anchor allocation, 8 anchors were allotted 32,361 shares or 0.58% of the anchor book.

The QIB portion was subscribed 35.45 times, HNI portion was subscribed 41 times and Retail portion was subscribed 2.75 times. The retail portion saw 17.29 lac applications. On basis of lots, the retail portion was subscribed 2.40 times.

Full details of the subscription bucket wise is given below: –

Car Trade Subscription

Bucket Size Shares Applied for Times Oversubscribed
QIB 3706443 131388732 35.45
HNI 2779883 113970366 41.00
Retail

6486276 17813583 2.75
Total

12972602 26317281 20.29
Subscribe to RSS Feed Follow me on Twitter!