Craftsman Automation Limited – Issue Subscribed 2.80 Times

Craftsman Automation Limited which had tapped the capital markets with its fresh issue of Rs 150 crs and an offer for sale of 45,21,450 equity shares was subscribed 3.82 times. The issue had opened on Monday the 15th of March and closed on Wednesday the 17th of March. The price band was Rs 1,488-1,490.

QIB portion was subscribed 5.21 times, HNI portion was subscribed 2.84 times and the Retail portion was subscribed 3.44 times. There were 5.41 lac applications and based on lots, the retail portion was subscribed 2.80 times.

Earlier the company had allotted 16,58,447 equity shares at the top end of the band of Rs 1,490 to 15 anchor investors comprising of 21 entities.

The highest allocation was made to Pioneer Investment Fund who was allotted 3,69,120 equity shares or 22.3% of the anchor allocation. This was followed by Nomura who was allotted 2,34,890 equity shares or 14.2% of the anchor book. This was followed by three anchor investors being given an identical 9.3% or 1,54,360 equity shares. These investors were Nippon Mutual Fund, Aditya Birla Sun Life, and ICICI Prudential.

The table of subscription details are given below: –

Craftsman Subscription

Bucket Size Shares Applied for Times Oversubscribed
QIB 1105632 5762030 5.21
HNI 829225 2352680 2.84
Retail

1934857 6658870 3.44

Total

3869714 14773580 3.82

Laxmi Organics Limited – Issue Subscribed 106.81 Times

Laxmi Organics Limited which had tapped the capital markets with its fresh issue of Rs 300 crs and an offer for sale of Rs 300 crs received excellent response and was subscribed 106.81 times. The issue had opened on Monday the 15th of March and closed on Wednesday the 17th of March 2021. The price band was Rs 129-130.

Earlier the company had completed allocation to anchor investors. The company allotted 1,38,46,153 equity shares to 15 anchor investors comprising of 23 entities. Shares were allotted at the top end of the price band at Rs 130.

There were just two levels of allotment where nine investors have been given an equal 10,78,860 equity shares or 7.78% of the anchor book. The second level is where six anchor investors have been given 6,92,300 equity shares or 5% of the anchor book. The list includes a fair mix of FPI, mutual funds, and insurance companies.

The QIB portion was subscribed 175.43 times, HNI portion was subscribed 217.62 times and the Retail portion was subscribed 20.11 times. There were 23.35 la applications and on basis of lots, the retail portion was subscribed 16.5 times.

Laxmi Organics Subscription

Bucket Size Shares Applied for Times Oversubscribed
QIB 9302324 1631902900 175.43
HNI 6976744 1518292445 217.62
Retail

16279070 327360150 20.11

Total

32558138 3477555495 106.81

Nazara Technologies Limited – Completes Allocation To Anchor Investors

Nazara Technologies Limited which is tapping the capital markets with its offer for sale of 52,94,392 equity shares 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 the 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 opens on Wednesday the 17th of March and closes on Friday the 19th of March 2021. The price band for a Rs 4 paid-up equity share is Rs 1,100 – 1,101.

The full list of anchor investors with their allocation is given below: –

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