Easy Trip Planners Limited which is tapping the capital markets with its offer for sale of Rs 510 crs completed allocation to anchor investors. The issue which opens on Monday the 8th of March and closes on Wednesday the 10th of March saw the company allot 1,22,72,727 equity shares at Rs 187 to 16 anchor investors comprising of 35 entities. The price band is Rs 186-187.

The company which runs a travel portal and is an online travel agent allotted the highest number of shares to two foreign funds. HSBC and Nomura were allotted 13,10,160 equity shares each or 10.68% of the anchor allocation. The overall allocation saw 47.44% of the shares being allotted to seven domestic funds in 26 schemes.

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

The issue from MTAR Technologies Limited which had tapped the capital markets, received excellent response and was subscribed over 200 times. MTAR 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. It had earlier completed allocation to anchor investors. The company allotted 31,11,725 equity shares to 15 anchor investors comprising of 44 entities. The investors included 4 FPI’s, 10 mutual funds and 1 insurance company.

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.

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 200.79 times. The cost for the leveraged HNI would be as much as the issue price in terms of interest. This effectively means that the listing price should be double or Rs 1,150 for the HNI to break even. The response from HNI’ saw a fund garnering of Rs 58,200 crs.

Shares of Heranba Industries listed on the bourses and had a decent outing overall. The company had tapped the capital markets with its fresh issue for Rs 60 crs and an offer for sale of 90.15 lac shares, in a price band of Rs 626-627. The issue had received excellent response and was oversubscribed 83.29 times. The issue was subscribed 67.45 times by QIB’s 271.15 times by HNI’s and 11.84 times by Retail investors.

Earlier the company had completed allocation to anchor investors by allotting 29,90,520 equity shares to 15 anchor investors comprising of 18 entities. The highest allocation of 5,58,290 equity shares was made to Government Pension Fund Global. This was 18.67% of the anchor allocation. This was followed by allotment of 3,58,869 equity shares or 12.00% of the allocation to HDFC Mutual Fund. The top two anchor allotments constituted 9.17 lac shares or 30.67% of the anchor portion.

The issue saw a discovered price of Rs 900 on both exchanges. The traded volume was 1.10 lac on BSE and 11.71 lacs on NSE at discovered price. The high of the day was Rs 944.95 on BSE while it was Rs 945 on NSE. The low of the day was 796.35 and Rs 796.55 on the two exchanges respectively. The close of the day was Rs 812.25 on BSE, a gain of Rs 185.25 or 29.55%. On NSE the close was Rs 812.60, a gain of Rs 185.60 or 29.60%.

The traded volume on the two exchanges combined was 182.38 lac shares which was 1.83 times the IPO size of 99.72 lac shares and 2.61 times the non-anchor portion of 69.81 lac shares. Delivery volume was 50.98 lac shares which was 27.96% of the traded volume. It was 51.13% of the issue size and 73.03% of the non-anchor portion. The weighted average of the day’s trade was Rs 873.46 on BSE while it was Rs 869.55 on NSE. The huge difference between the weighted average and the close on the lower side, indicate the pressure the share was under towards the end of the day.

The share began the day well, but the lack of any names in buying the stock post price discovery, caused the selling pressure towards the end. This pressure is likely to persist when trading resumes on Monday.