Shriram Properties Limited who had tapped the capital markets with its fresh issue for Rs 250 crs and an offer for sale of Rs 350 crs, was subscribed 4.81 times. The issue has opened on Wednesday the 8th of December and closes on Friday the 10th of December. The price band is Rs 113-118.

Earlier the company had completed allocation to anchor investors. The company allotted 2,27,66,949 shares at Rs 118 which is the top end of the band to 10 anchor investors comprising of 30 entities. The highest allocation was made to Nomura who was allotted, 42,37,375 equity shares or 18.61% of the anchor book. This was followed by SBI Life Insurance who was allotted 37,29,000 shares or 16.38% of the anchor book. Nippon Mutual fund was allotted 33,89,875 equity shares or 14.89% of the anchor book. Sundaram Mutual Fund was allotted 11.14% of the anchor book.

Domestic mutual funds were allotted 84,74,625 equity shares or 37.22% of the anchor book. The top 4 anchors were allotted 61.02% of the anchor book.

The QIB portion was subscribed 1.93 times, HNI portion was subscribed 5.04 times, Retail portion was subscribed 13.27 times and Employee portion was subscribed 1.31 times. There were 4.56 lac applications and on basis of lots, Retail portion was subscribed 11.28 times.

Full details of subscription are given below: –