Suryoday Small Finance Bank Limited which is tapping the capital markets with its total issue of 190.93 lac shares which comprises of a fresh issue of 81.50 lac shares and 109.43 lac shares through an offer for sale completed allocation to anchor investors.

The company 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 opens on Wednesday the 17th of March and closes on Friday the 19th of March.

A full list of anchor allotment and allocation is given below: –

Anupam Rasayan Limited who had tapped the capital market with its fresh issue to raise Rs 760 crs in a price band of Rs 553-555 received an excellent response and was subscribed 45.21 times. QIB portion was subscribed 65.99 times, the HNI portion was subscribed 97.78 times and the Retail portion was subscribed 10.81 times. There were 16.49 lac applications and based on lots, the retail issue was subscribed 9.43 times.

The company had earlier allotted 40,48,647 equity shares at Rs 555 to 15 anchor investors comprising of 18 entities. The highest allocation was made to Aditya Birla Sunlife who was allotted 10,81,080 equity shares or 26.76% of the anchor allocation. This was followed by Nomura who was allotted 7,18,902 share or 17.76% and Fidelity who was allotted 6,28,776 share or 15.53% of the allocation.

This meant that the top three anchors were allotted a total of 24,28,758 shares or 60.05% of the anchor book.

The issue had opened on Friday the 12th of March and closed on Tuesday the 16th of March.

Full details of subscription are given below: –

MTAR Technologies Limited which had tapped the capital markets with its fresh issue of 21.48 lac shares and an offer for sale of 82.24 lac shares in a price band of Rs 574-575 had a stellar debut on listing day. Shares in the price discovery pre-open session debuted at Rs 1063.90 on BSE and Rs 1050 on NSE. The traded volume at the pre-open was 1,13,713 at BSE and 11,23,347 shares on NSE.

After the pre-open, the high on BSE was Rs 1,154, the low was Rs 1,035.70 and the close was Rs 1082.25, a gain of Rs 507.25 or 88.22%. On NSE, the high was Rs 1,154.90, low was Rs 1,040 while the close was Rs 1,082.50, a gain of Rs 507.50 or 88.26%. The weighted average on the two exchanges was Rs 1,093.94 and Rs 1,093.62 respectively which makes it quite close to the day’s closing price.

The traded volume on the two exchanges was 166.05 lac shares which was 1.6 times the issue size of 103.72 lac shares. It was 2.29 times the traded quantity of the non-anchor portion of 72.60 lac shares. Delivery quantity was 53.89 lac shares which was 32.45% of the traded volume. It was 51.96% of the issue size and 74.22% of the non-anchor portion.

The surprising part was that with even 166 lac shares being traded and about 54 lacs being delivered, there were no institutional trades reported either on the buy or sell side. This makes the delivery percentage vulnerable, and the share could be under pressure going forward. This is because the share could have been bought by Robin Hood investors on day one.

The issue had received excellent response and was well subscribed. The issue saw the QIB portion subscribed 164.99 times, HNI portion subscribed 650.71 times, Retail portion subscribed 28.40 times. There were 29.17 lac applications in all. The issue was subscribed overall 200.79 times. The cost for the leveraged HNI would be as much as the issue price in terms of interest.

Earlier the company allotted a uniform 1,73,914 shares or 5.59% of the anchor allocation to 13 anchor investors. The remaining two, Axis Mutual Fund and SBI mutual Fund who had invested in the pre-ipo placement were allotted higher number of shares. They were allotted 4,25,412 shares or 13.67% of the anchor portion.

While the overall performance of the share was creditable with the share gaining 88% on the opening day, it is likely to be under pressure going forward.