India Pesticides Limited which had tapped the capital markets with its fresh issue of Rs 100 crs and an offer for sale of Rs 700 crs received decent support and was subscribed 29.66 times. The price band of the issue was Rs 290-296. The issue had opened on Wednesday the 23rd of June and closed on Friday the 25th of June.

Earlier the company had allotted 81,08,107 equity shares at Rs 296 to 12 anchor investors comprising of 16 entities. The highest allocation was made to SBI Mutual Fund who was allotted 21,95,900 shares or 27.08% of the anchor book. There were three entities in this allotment. This was followed by Nippon Mutual Fund who was allotted 13,54,058 equity shares or 16.67% of the anchor book. Here there were two entities. The third highest was to Abu Dhabi Investment Authority who was allotted 10,13,500 shares or 12.50% of the anchor book.

The top three anchor investors comprising of six entities were allotted 45,63,458 equity shares or 56.25% of the anchor book.

The QIB portion was subscribed 43.84 times, HNI portion was subscribed 52.95 times and Retail portion was subscribed 11.54 times. There were 16,59,315 applications and on the basis of lots the retail portion was subscribed 8.59 times. Against an issue size of Rs 800 crs the company garnered subscription of Rs 16,800 crs.

Full details of the subscription in different buckets is given below: –