Anupam Rasayan Limited who had tapped the capital market with its fresh issue to raise Rs 760 crs in a price band of Rs 553-555 received an excellent response and was subscribed 45.21 times. QIB portion was subscribed 65.99 times, the HNI portion was subscribed 97.78 times and the Retail portion was subscribed 10.81 times. There were 16.49 lac applications and based on lots, the retail issue was subscribed 9.43 times.
The company had earlier allotted 40,48,647 equity shares at Rs 555 to 15 anchor investors comprising of 18 entities. The highest allocation was made to Aditya Birla Sunlife who was allotted 10,81,080 equity shares or 26.76% of the anchor allocation. This was followed by Nomura who was allotted 7,18,902 share or 17.76% and Fidelity who was allotted 6,28,776 share or 15.53% of the allocation.
This meant that the top three anchors were allotted a total of 24,28,758 shares or 60.05% of the anchor book.
The issue had opened on Friday the 12th of March and closed on Tuesday the 16th of March.
Full details of subscription are given below: –
Anupam Rasayan Subscription
Bucket Size | Shares Applied for | Times Oversubscribed | |
QIB | 2699099 | 178110576 | 65.99 |
HNI | 2024325 | 197932896 | 97.78 |
Retail | 4723424 | 51061212 | 10.81 |
Total | 9446848 | 427104684 | 45.21 |