Angel Broking Limited which had tapped the capital markets with its fresh issue for Rs 300 cr and an offer for sale of Rs 300 crs was subscribed 3.94 times. Earlier the company had completed allocation to anchor investors. The company had allotted 58,82,252 equity shares to 12 anchor investors comprising of 29 entities. The highest allocation was made to ICICI Prudential who was allotted 11,43,758 equity shares or 19.45% of the anchor portion. The next highest allocation was made to Nippon India of 14.22%. Thereafter the allocation of 11.11% or 6,53,562 shares was made equally to HDFC, Goldman Sachs and Aditya Birla Sun Life. In short, 5 anchor investors comprising of 9 entities were allotted 67.22% of the total anchor book.

The price band was Rs 305-306. The issue had opened on Tuesday the 22nd of September and closed on Thursday the 24th of September.

The QIB portion was subscribed 5.74 times. HNI portion remained undersubscribed at 0.69 times. Retail portion was subscribed 4.31 times. The overall issue was subscribed 3.94 times. There were 4.53 lac applications. On the basis of number of lots the issue was subscribed 3.2 times.

One feature of the anchor book was the fact that FII’s who have been big investors in India since the beginning of the year chose to give the issue a complete miss. Now in subscription, one notices that HNI’s chose to give the issue a miss. Clearly various stakeholders found discomfort from the steep valuations that the company demanded. It would be interesting to see how the share fares on listing.

Full details of the subscription are given below: –

Computer Age Management Services Limited (CAMS) which had tapped the capital markets with an offer for sale of 1,82,46,600 was subscribed 46.99 times. It received excellent response from all categories of investors.

Earlier it had completed allotment to anchor investors by allotting 54,19,230 equity shares to 35 anchor investors comprising of 52 entities. The top allocation was made to Smallcap World Fund who was allotted 4,87,800 equity shares or 9% of the anchor book. The next highest allocation was of 2,43,900 shares or 4.5% of the anchor book equally to 12 investors. This effectively meant that 13 investors were allotted 63% of the anchor book.

The issue had opened on Monday the 21st of September and closed on Wednesday the 23rd of September. The price band was 1,229 to Rs 1,230.

QIB’s subscribed the issue 73.18 times, HNI’s subscribed 111.85 times while Retail investors subscribed the issue 5.55 times. There were 21.81 lac applications and on the basis of lots the issue was subscribed 4.14 times. Employee portion was subscribed 1.16 times. The cost of funding for the leveraged HNI was between Rs 185-198.

Full details of the subscription are given below: –