Sona BLW Precision Forgings Limited which had tapped the capital markets with its fresh issue of Rs 300 crs and an offer for sale of Rs 5,250 crs, in a price band of Rs 286-291 was subscribed 2.28 times. The issue had opened on Monday the 14th of June and closed on Wednesday the 16th of June.

Earlier the company had allotted 8,58,24,742 equity shares to 56 anchor investors comprising of 83 investors at Rs 291. The highest allocation was made to Government of Singapore who was allotted 1,08,29,748 equity shares or 12.6% of the anchor book. Associate of the same investor, Monetary Authority of Singapore was allotted 29,67,486 shares or 3.5% of the anchor book. Three domestic funds were allotted a similar 7.1% of the anchor book each. They were SBI Mutual Fund, Aditya Birla Sunlife Mutual Fund and Axis Mutual Fund. Therefore, the top four anchor investors were allotted 37.5% of the anchor book.

The issue was subscribed 3.46 times by QIB, 0.39 times by HNI’s and 1.58 times by Retail investors. There were 4.46 lac application and on the basis of lots the retail portion was subscribed 1.17 times.

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

Shyam Metalics and Energy Limited which had tapped the capital markets with its fresh issue of Rs 657 crs and an offer for sale of Rs 252 crs received excellent response and was subscribed 120.93 times. The price band of the issue which had opened on Monday the 14th of June and closed on Wednesday the 16th of June was Rs 303-306.

Earlier the company had completed allocation to anchor investors. The company allotted 88,21,764 equity shares to 21 anchor investors comprising of 22 entities. The highest allocation was made to Nippon India Mutual Fund of 8,49,645 equity shares or 9.63%. This was followed by Ashoka India Opportunities Fund who was allotted 8,16,975 shares or 9.26% of the anchor book. Shares to anchor investors were allotted at the top end of the price band at Rs 306.

The issue saw QIB’s subscribing to the issue 153.45 times, HNI portion was subscribed 339.98 times and the Retail portion was subscribed 11.64 times. The employee portion was subscribed 1.53 times. There were 21.13 lac applications, and on the basis of forms the retail portion was subscribed 9.15 times. The funding cost for leveraged investors is in the range of Rs 130-135.

Full details of the subscription are given below: –

Krishna Institute of Medical Sciences Limited (KIMS) which is tapping the capital markets with its fresh issue for Rs 200 crs and an offer for sale of 2,35,60,538 shares in a price band of Rs 815-825, completed allocation to anchor investors. The issue opens on Wednesday the 16th of June and closes on Friday the 18th of June.

The company allotted 1,15,84,060 equity shares at Rs 825 to 30 anchor investors comprising of 43 entities. A similar allotment of 9,65,466 equity shares or 8.33% was made to 3 anchor investors comprising of Nomura, HDFC and Axis Mutual Fund. The top three anchor investors gave been allotted 25% of the anchor portion.

Full list of anchor investors with their allotment is given below: –