Chemcon specialty Chemicals which had tapped the capital markets with its fresh issue for 165 crs and an offer for sale of 45 lac shares received excellent response and was subscribed 149.33 times. Response was overwhelming across segments.

Earlier the company had 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 had opened on Monday the 21st of September and closed on Wednesday the 23rd of September. The price band was Rs 338 to Rs 340.

The QIB portion was subscribed 113.54 times, HNI portion 449.14 times and Retail portion 41.21 times. There were 28.05 lac applications and on the basis of lots, the retail portion was subscribed 37.6 times. The cost of funding for leveraged HNI’s is between Rs 205-220.

The full details of subscription are given below: –