Sona BLW Precision Forgings Limited which had tapped the capital markets with its fresh issue of Rs 300 crs and an offer for sale of Rs 5,250 crs, in a price band of Rs 286-291 was subscribed 2.28 times. The issue had opened on Monday the 14th of June and closed on Wednesday the 16th of June.

Earlier the company had allotted 8,58,24,742 equity shares to 56 anchor investors comprising of 83 investors at Rs 291. The highest allocation was made to Government of Singapore who was allotted 1,08,29,748 equity shares or 12.6% of the anchor book. Associate of the same investor, Monetary Authority of Singapore was allotted 29,67,486 shares or 3.5% of the anchor book. Three domestic funds were allotted a similar 7.1% of the anchor book each. They were SBI Mutual Fund, Aditya Birla Sunlife Mutual Fund and Axis Mutual Fund. Therefore, the top four anchor investors were allotted 37.5% of the anchor book.

The issue was subscribed 3.46 times by QIB, 0.39 times by HNI’s and 1.58 times by Retail investors. There were 4.46 lac application and on the basis of lots the retail portion was subscribed 1.17 times.

Full details of the subscription category wise is given below: –