Capacite Infraprojects Limited which had tapped the capital markets with its fresh issue for Rs 400 crs was heavily oversubscribed. The issue Was overall subscribed 183.03 times with QIB subscribing the same 131.32 times, HNI 638.05 times and Retail 17.57 times. The issue saw 14.33 lac forms which means the issue was subscribed in retail on basis of lot by 15.36 times.

Earlier the company had allotted 48 lakh shares to 15 anchor investors comprising of 25 entities. The response to the issue could be termed as far exceeding the wildest expectations and the HNI subscription in particular could be called as crazy. The amount garnered in this segment which was to raise a mere Rs 60 crs raised Rs 39,000 crs and the issue in totality over Rs 52,400 crs. This issue has therefore created a record in oversubscription in the last over 10-15 years and has beaten every other issue since AK57.in the website started.

The cost of the leveraged HNI would be in the region of Rs 160.60 at 5.25% to 168.25 at 5.5%. This effectively means that the share must open at a minimum price of Rs 410-420 if the leveraged HNI does not want to lose money. At this price while the HNI will just about be able to break even, the lucky retail investor will make a cool 60 to 70%.

A great response to a decent issue which was very well priced.

The full details of subscription is given below: –

ICICI Lombard General Insurance Company Limited (ICICI Lombard) which is tapping the capital markets with its offer for sale of 8.62 cr shares completed allocation to anchor investors. The price band of the issue is Rs 651-661.

ICICI Lombard allotted 2,45,80,447 shares to 64 anchor investors comprising of 94 entities. The largest application has been made to Nomura of 18.15 lakh shares which amounts to 7.4% of the anchor allotment.

Domestic mutual funds have been allocated 86.30 lakh shares which is 35.11% of the total allotment. The anchor book is impressive and looking at the response augurs well for the issue.

The issue opens for subscription today i.e Friday the 15th September and closes on Tuesday the 19th of September.

The full lsit of anchor investors with their allotment is given below: –

ICICI Lombard General Insurance Company Limited – Completes Anchor Allocation