Aavas Financiers Limited which is tapping the capital markets with its simultaneous offer for sale and fresh issue, completed allocation to anchor investors. The company allotted 63,36,439 equity shares to 34 anchor investors comprising of 60 entities at Rs 1,821. The top allocation has been made to the erstwhile parent of the company A U Small Finance Bank Limited of 6,36,439 equity shares which corresponds to 10.04% of the total issue.

The fresh issue is for Rs 400 crs and the offer for sale is for 1,62,49,359 equity shares in a price band of Rs 818-821. The issue opens on Tuesday the 25th of September and closes on Thursday the 27th of September.

The issue has received excellent response from anchor investors as per the press release from the company. This could be to instil confidence in the market which is currently facing huge turbulence. Normally such data of total demand is never shared with investors or the community. Hope this becomes standard practice going forward and is not used as a one off because it suited the merchant bankers.

The full list of anchor allotment with details is given below: –