Macrotech Developers Limited – Completes Anchor allocation

Macrotech Developers Limited which is tapping the capital markets with its fresh issue to raise Rs 2,500 crs completed allocation to anchor investors. The company allotted 1,52,46,913 shares to 14 anchor investors comprising of 21 entities at Rs 486.The highest allocation was made to Nomura and Ivanhoe OP who were allotted 23.85 lac shares a piece or 15.64% of the anchor allocation. Smallcap World Fund along with American Funds was also allotted 23.85 lac shares or 15.64% of the anchor book. This was followed by Wellington Trust who was allotted 13.41% along with two other funds. The top four anchors were allotted 60.33% of the anchor book.

The issue has opened on Wednesday the 7th of April and would close on Friday the 9th of April. The price band is Rs 483-486. The full list of anchor investors with their allocation is given below: –

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