MTAR Technologies Limited which is tapping the capital markets with its fresh issue of 21.48 lac shares and an offer for sale of 82.24 lac shares in a price band of Rs 574-575, completed allocation to anchor investors. The company allotted 31,11,725 equity shares to 15 anchor investors comprising of 44 entities. The investors included 4 FPI’s, 10 mutual funds and 1 insurance company.

The company allotted a uniform 1,73,914 shares or 5.59% of the anchor allocation to 13 anchor investors. The remaining two, Axis Mutual Fund and SBI mutual Fund who had invested in the pre-ipo placement were allotted higher number of shares. They were allotted 4,25,412 shares or 13.67% of the anchor portion.

This kind of equitable distribution is a first of its kind and the people behind it namely the promoters, selling shareholders and the merchant bankers should be complemented for the same.

The issue opens on Wednesday the 3rd of March and would close on Friday the 5th of March.

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