Rategain Technologies Limited which is tapping the capital markets with its fresh issue for Rs 375 crs and an offer for sale of 2,26,05,530 equity shares completed allocation to anchor investors. The issue which opens on Tuesday the 7th of December and closes on Thursday the 9th of December has a price band of Rs 405-425.

The company allotted 1,40,90,136 equity shares at Rs 425 to 20 anchor investors comprising 34 entities. The highest allocation was made to the Government of Singapore who was allotted 16,44,650 shares or 11.67% of the anchor book. Along with its associate, the Monetary Authority of Singapore who was allotted 2.45% of the anchor book or 3,55,355 shares. The total allotment was 20,00,005 shares or 14.19% of the anchor. This was followed by an allotment of an equal 10.02% or 14,11,795 equity shares to 4 entities which comprised of two FII’s and two domestic mutual funds. The FII’s were Ashoka and Nomura while the domestic funds were ICICI Prudential and Nippon. The top five anchor investors were allotted 76,47,185 equity shares or 54.27% of the anchor book.

Full details of the anchor allotment are given below: –