SJS Enterprises Limited which had tapped the markets with its offer for sale of Rs 800 crs in a price band of Rs 531-542 was subscribed 1.63 times. Earlier the company had completed allocation to anchor investors. The issue had opened on Monday the 1st of November and closed on Wednesday the 3rd of November.
The company allotted 44,28,043 shares to 13 Anchor Investors comprising of 18 entities. The top allocation was made equally to three funds, namely Axis Mutual Fund, Franklin and Goldman Sachs who were each allotted 18.75% of the anchor allocation. The top three anchors were effectively allocated 56.25% of the anchor book.
The QIB portion was subscribed 1.45 times, HNI portion was subscribed 2.36 times and Retail portion was subscribed 1.41 times. There were 2,36,809 applications and on basis of lots the retail portion of the issue was subscribed 1.24 times.
Full details of the subscription category wise are given below: –
SJS Enterprises Subscription
Bucket Size | Shares Applied for | Times Oversubscribed | |
QIB | 2952029 | 4271022 | 1.45 |
HNI | 2214022 | 5234760 | 2.36 |
Retail | 5166052 | 7292079 | 1.41 |
Total | 10332103 | 16797861 | 1.63 |