One 97 Communications Limited, the company which own the brand Paytm saw its IPO subscribed 1.95 times. Earlier the company had 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.

The QIB portion was subscribed 2.88 times, HNI portion was subscribed 0.25 times and Retail portion was subscribed 1.72 times. The overall issue was subscribed 1.95 times. There were 14.40 lac applications.

Full details of the subscription are given below: –

Latent View Analytics Limited which is tapping the markets with its fresh issue for Rs 474 crs and an offer for sale of Rs 126 crs in a price band of Rs 190-197 completed allocation to anchor investors. The issue opens on Wednesday the 10th of November and closes on Friday the 12th of November.

The company allotted 1,35,53,898 equity shares at Rs 197 to 19 anchor investors comprising of 34 entities. The highest allocation was made to Abu Dhabi Investment Authority of 10,15,968 shares or 7.5% of the anchor book. The company also allotted an almost equal number of shares ranging between 6.7% – 6.9% of the anchor book to nine anchor investors. The company allotted 82,23,346 shares or 60.7% of the anchor book to 12 domestic mutual funs comprising of 25 anchors. The names include Aditya Birla Sun Life AMC, Ashoka India, Axis Mutual Fund, Kotak, Nippon and Mirae amongst others.

Looking at the anchor book, one can surmise that the same has been very evenly distributed with the top 10 anchors being allotted roughly 69% of the anchor book.

The full details of the anchor allocation are given below: –

Sapphire Foods Limited which is tapping the capital markets with its offer for sale of 1,75,69,941 equity shares in a price band of Rs 1,120-1,180 completed allocation to anchor investors. The issue opens on Tuesday the 9th of November and would close on Thursday the 11th of November.

The company allotted 79,06,473 equity shares to 30 anchor investors comprising of 53 entities at the top end of the price band of Rs 1,180. The highest allocation was made to Fidelity Funds who were allotted 12,71,220 shares or 16.07% of the anchor book. This was followed by the Government of Singapore who was allotted 8,56,884 shares or 10.84% of the anchor book. Another associate, the Monetary Authority of Singapore was allotted 1,77,444 equity shares or 2.24% of the anchor book. This made a total of 10,34,328 shares or 13.08% of the anchor book. This meant that the top two anchors comprising of seven entities were allotted 23,05,548 equity shares or 29.15% of the anchor book.

Domestic mutual funds were allotted 5,00,424 shares or 6.33% of the anchor book. This was to two mutual funds with Sundaram being allotted 4.51% of the anchor book and HDFC being allotted 1.82% of the anchor book. Very clearly it appears that domestic mutual funds who are flush with funds have by and large chosen to give this issue the miss. Was it the valuations that kept them away? Not sure, but the India consumption story is intact, and issue after issue is getting received unless valuation stops funds.

Full details of the anchor allocation are given below: –