Chemcon specialty Chemicals which is tapping the capital markets with its fresh issue for 165 crs and an offer for sale of 45 lac shares completed allocation to anchor investors. The company allotted 28,05,880 equity shares to 13 Anchor investors comprising of 16 entities. The highest allocation was made to ICICI Prudential and IDFC emerging Business Fund and Dynamic Equity Fund who were allotted 3,08,836 shares or 11.01% of the anchor allocation.

The issue opens on Monday the 21st of September and closes on Wednesday the 23rd of September. The price band is Rs 338 to Rs 340. Looking at the recent success of issues from Happiest Mind, Rossari Biotech and the yet to be listed Route Mobile, this issue too would receive excellent response. One may also compare it with Neogen Chemicals, which is into the business of processing Bromine which is a difficult and hazardous chemical like Chemcon.

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