Sansera Engineering Limited which had tapped the capital markets with its offer for sale of 1,72,44,328 shares in a price band of Rs 734-744 gained 10.04% on debut day. The shares which were allotted at Rs 744 debuted at Rs 811.35 on BSE and at Rs 811.50 on NSE. At the discovered price, 61,770 shares were traded on BSE and 15,01,290 shares were traded on NSE.

Earlier the company had completed allocation to anchor investors. The company allotted 51,35,162 equity shares at the top end of the band to 21 anchor investors comprising 27 entities. The issue had opened on Tuesday the 14th of September and closed on Thursday the 16th of September. The price band was Rs 734-744.

The highest allocation was made to Government of Singapore who was allotted 5,10,760 shares or 9.5% of the anchor book. This was followed by Nomura who was allotted 4,43,560 shares or 8.64% of the anchor book. Three anchor investors were allotted an identical 4,30,120 equity shares or 8.38% of the anchor book. These were Abu Dhabi Investment Authority, Axis Mutual Fund and ICICI Prudential Mutual Fund.

The top 5 anchor investors were allotted 22,44,680 equity shares or 43.28% of the anchor book. 37 times.

The QIB portion was subscribed 26.47 times, HNI portion was subscribed 11.37 times, Retail portion was subscribed 3.15 times and Employee quota was subscribed 1.37 times. Overall, the issue was subscribed 11.47 times. There were 7.74 lac applications and on basis of lots the issue was subscribed 2.58 times.

The high of the day on BSE was Rs 842, the low was Rs 800.80 and the close was Rs 818.70. The gain was Rs 74.70 or 10.04%. On NSE, the high of the day was Rs 841.95, low was Rs 801 and the close was Rs 818.55 a gain of Rs 74.55 or 10.02%.

The traded volume on the two exchanges combined was 136.62 lac shares which was 0.79 times the IPO size of 172.44 lac shares and 1.13 times the non-anchor portion of 121.09 lac shares. Delivery volume was 73.04 lac shares which was 53.46% of the traded volume. It was 42.36% of the issue size and 60.32% of the non-anchor portion. The weighted average of the day’s trade was Rs 824.04 on BSE and Rs 821.80 on NSE.

A very interesting part of the day’s trade was the low intraday range of just Rs 41 on both the exchanges. This was less than 6% of the issue price. This sends out a strong signal to the market that there were enough buyers and sellers at a 10% premium to the issue price. The buyers got their stock and did not have to press the pedal to buy, while sellers were able to sell without panicking.

In terms of institutional trade five buy trades were reported on NSE. Nomura Funds bought 6 lac shares at Rs 820.10. Plutus Wealth Management bought 5 lac shares at Rs 811.50. IIFL Mutual Fund bought 4,707809 shares at Rs 820.09. IIFL Asset Management bought 3.97 lac shares at Rs 818.01. Abu Dhabi Investment Authority bought 4,87,500 shares at Rs 821.48. A total of 24.55 lac shares were bought which had institutional reporting.

The share had a decent and sedate beginning to its listing debut on the bourses. A narrow range on day one and gains of 10% are a good start for the auto component maker. With institutional interest apparent, the share should witness upside in the coming days.

Paras Defence and Space Technologies Limited which had tapped the capital markets with its fresh issue for Rs 140.6 crs and an offer for sale of 17,24,490 equity shares in a price band of Rs 165-175 received massive response and was subscribed a record 304.26 times. Earlier the company had completed allocation to anchor investors yesterday by allotting 29,27,485 equity shares at Rs 175 to five anchor investors.

The highest allocation was made to Ashoka India of 10,00,025 shares or 34.16% of the anchor allocation. This was followed by 6,65,805 shares or 22.74% of the anchor book to Abakkus Emerging Opportunities Fund. The remaining allocation was made to Nippon Life, HDFC Mutual Fund and Saint Capital Fund.

The issue saw QIB portion being subscribed 169.65 times, HNI portion was subscribed 927.70 and Retail portion was subscribed 112.81 time. Overall, the issue was subscribed 304.26 times. In terms of number of lots the retail portion of the issue was subscribed 89.98 times and average lot size per application was 1.31 lots or 111 shares against the lot size of 85 shares.

The issue at the top end of the band would have raised Rs 170.78 crs. It actually received subscription worth Rs 38,071 crs including anchor portion. This oversubscription has set a new record for issue subscription in the last 13-14 years. Clearly shows that retail investor frenzy is at its height. The issue had opened on Tuesday the 21st of September and closed on Thursday the 23rd of September.

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