Tarsons Products Limited which had tapped the capital markets with its fresh issue for Rs 150 crs and an offer for sale of 1.32 cr shares in a price band of Rs 635-662 was subscribed 77.49 times. The issue had opened on Monday the 15th of November and closed on Wednesday the 17th of November.

The QIB portion was subscribed 115.77 times, HNI portion was subscribed 184.58 times and Retail portion was subscribed 10.55 times. Employee quota was subscribed 1.83 times. There were 22.22 lac applications and on the basis of lots, the retail portion was subscribed 9.07 times.

Earlier the company had completed allocation to anchor investors. The company allotted 46,21,757 shares at Rs 662 to 32 entities. The highest allocation was made to Government of Singapore who was allotted 8.66% of the anchor book with its associate, Monetary authority of Singapore who was allotted 4.41%. The total allotted was 13.05% of the anchor book.

This was followed by 9.80% allotted to First Sentier Investors ICVC 9.80% of the anchor book. This was followed by an identical allotment of 9.80% to two domestic mutual funds who were allotted 9.64% each. They were ICICI Prudential and Aditya Birla Sun Life AMC. The top four anchor investors were allotted 42.13% of the anchor book. Seven domestic mutual funds through 19 schemes were allotted 45.64% of the anchor book.

Full details of the subscription are given below: –