One 97 Communications Limited – Completes Anchor allocation

One 97 Communications Limited, the company which own the brand Paytm completed allocation to anchor investors. The company is tapping the capital markets with its fresh issue to raise Rs 8,300 crs and an offer for sale of Rs 10,000. The total issue size would be Rs 18,300 crs making it the largest issue ever to hit the Indian Capital Markets. The price band is Rs 2,080-2,150.

The company on Wednesday allotted 3,83,02,326 shares at Rs 2,150 to 122 entities. The anchor allocation raised Rs 8,235 crs. The highest allocation was made to Canada Pension Plan Investment Board who was allotted 43,61,964 shares or 11.4% of the anchor allocation. This was followed by Blackrock Global Funds who were allotted 40,38,030 shares or 10.5% of the anchor allocation. Four domestic mutual funds were allotted 48,85,386 equity shares or 12.8% of the anchor book. These were Aditya Birla, HDFC, Mirae Asset and BNP Paribas. The top two anchor investors were allotted 21.9% of the anchor book.

Full details of the anchor allocation with shares allotted is given below: –






Sigachi Industries Limited – Issue subscribed 101.91 times

Sigachi Industries Limited which had tapped the capital markets with its fresh issue for 76.95 lac shares in a price band of Rs 161-163 was subscribed 101.91 times. The company had earlier 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 23,08,500 equity shares amongst two anchor investors equally. They are 3 Sigma Global Fund and Nexus Global Opportunities Fund Limited which were each allotted 11,54,250 shares at the top end of the price band of Rs 163.

The QIB portion was subscribed 86.51 times, HNI portion was subscribed 172.43 times and Retail portion was subscribed 80.49 times. The overall issue was subscribed 101.91 times. There were 20,72,674 application and on basis of lots, retail portion was subscribed 69.26 times.

Full details of the subscription are given below: –

Sigachi Subscription

Bucket Size Shares Applied for Times Oversubscribed
QIB 1539000 133137000 86.51
HNI 1154250 199031670 172.43
Retail 2693250 216786150 80.49
Total 5386500 548954820 101.91

SJS Industries Limited – Issue subscribed 1.63 times

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
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