Polycab India Limited which is tapping the Capital markets with its offer for sale and fresh issue completed allocation to anchor investors. The issue comprises of an offer for sale component of 1,75,82,000 equity shares and a fresh issue of Rs 400 crs in a price band of Rs 533-538. The company allotted 74,54,119 equity shares at Rs 538 to 20 Anchor investors comprising of 25 entities.

The issue has opened on Friday the 5th of April and would close on Tuesday the 9th of April.

Full details of the anchor allotment are given below: –

Metropolis Healthcare Limited which had tapped the capital markets with its offer for sale was subscribed. The offer for sale was for 1,36,85,095 equity shares. The price band was Rs 877-880. Earlier the company had completed allocation to anchor investors. The company allotted 60,23,293 equity shares to 21 Anchor Investors comprising of 26 entities at Rs 880 per equity share of face value of Rs 2 per share. The highest allocation has been made to Smallcap World Fund who has been allotted 20,45,882 equity shares comprising of 34% of the anchor allocation.

The issue had received average response on the first two days that it was open and even till half an hour before the issue was to close. In the last half an hour, the response just poured in with the QIB portion oversubscribed 8.88 times. The HNI portion was subscribed 3.03 times. Retail portion was subscribed 2.21 times. Employee portion remained undersubscribed at a mere 0.05 times.

Full details of the subscription are given below: –