H G Infra Engineering Limited which had tapped the capital markets with its simultaneous fresh issue and offer for sale was subscribed just under 5 times. It had earlier completed allocation to anchor investors. The company which issued fresh equity worth Rs 300 crs and an offer for sale of Rs 300 crs in a price band of Rs 263-270 allocated 51,33,150 equity shares to 11 anchor investors comprising of 22 entities. The allocation was done at Rs 270.

The highest allocation was done to HDFC mutual fund and DSP Blackrock of 5,99,995 shares a piece or 11.69% of the anchor allocation. The issue had opened on Monday the 26th of February and closed on Wednesday the 28th of February.

The issue received support and was subscribed in all the buckets. The QIB portion was subscribed 8.37 times. HNI portion was subscribed 4.97 times. Retail portion was subscribed 3.08 times. Overall issue was subscribed 4.98 times. Considering the choppiness in the markets, this would be considered as a good subscription.

Full details of the subscription are given below: –