Suryoday Small Finance Bank Limited which had tapped the capital markets with its fresh issue of 190.93 lac shares comprising of a fresh issue of 81.50 lac shares and 109.43 lac shares through an offer for sale was subscribed 2.37 times. The QIB portion was subscribed 2.18 times, HNI portion was subscribed 1.31 times, Retail was subscribed 3.09 times and Employee Quota was subscribed 0.34 times. There were 3.44 lac applications and on basis of lots the retail portion was subscribed 2.60 times.

Earlier the company had allotted 55,77,920 equity shares to 13 anchor investors. The largest allocation was made to Axis Mutual Fund and ICICI Prudential Life Insurance Company Limited of an identical 7,38,283 shares or 13.24% of the anchor allocation.

The price band is Rs 303-305. The issue had opened on Wednesday the 17th of March and closed on Friday the 19th of March.

Full details of the subscription are given below: –

The offer for sale of 52,94,392 equity shares was oversubscribed 175.46 times. QIB portion was subscribed 103.77 times, HNI portion was subscribed 389.89 times, Retail portion was subscribed 75.29 times and Employee quota was subscribed 7.55 times. There were 23.34 lac applications and on basis of lots, Retail portion was subscribed 57.55 times.

The company had earlier completed allocation to anchor investors. The company allotted 23,73,395 equity shares at Rs 1,101 to 25 anchor investors comprising of 43 entities. The highest allocation of 1,99,823 shares or 8.4% of the anchor allocation was made to Government of Singapore. This was followed by 13 anchor investors who were allotted an identical 1,19,899 shares or 5.1% of the anchor book.

The issue had opened on Wednesday the 17th of March and closed on Friday the 19th of March 2021. The price band for a Rs 4 paid up equity share is Rs 1,100 – 1,101.

Kalyan Jewellers Limited which had tapped the capital markets with its fresh issue of Rs 800 crs and an offer for sale of 375 crs in a price band of Rs 86-87 was subscribed. The issue received an average response and was subscribed 2.64 times.

Earlier the company had completed its allocation to anchor investors. The company allotted 4,04,48,275 equity shares at the top end of the band to 12 anchor investors comprising of 15 entities. The issue had opened on Tuesday the 16th of March and closed on Thursday the 18th of March.

The highest allocation was made to the Government of Singapore who was allotted 1,17,27,992 equity shares or 29% of the anchor allocation. Another entity, the Monetary Authority of Singapore was allotted 20,65,032 shares or 5.11% of the allocation making the total for the Singapore Government, 34.11% of the anchor book. The next highest allocation was Sundaram Mutual Fund who was allotted 91,95,292 equity shares or 22.76% of the shares in three schemes. The third highest allocation was to Calypso Global Investment Fund who was allotted 57,47,036 equity shares or 14.21% of the shares.

This meant that three anchor investors comprising of six entities were allotted 2,87,35,352 equity shares or 70.08% of the anchor book.

The issue was subscribed 2.79 times by QIB’s, 1.93 times by HNI’s, 2.85 times by Retail, and 3.78 times by Employees. There were 5.94 lac applications and on basis of lots, the retail portion was subscribed 2.17 times. Considering that this issue at Rs 1,175 crs was almost double in size compared with the other issues in the market currently, the number of applications received in this issue was substantially lower.

Full details of the subscription are given below: –