Car Trade Tech Limited – Issue Subscribed 20.29 times

Car Trade Tech Limited which had tapped the capital markets with its offer for sale of 1,85,32,206 shares in a price band of Rs 1,585-1,618 was subscribed 20.29 times. The issue had opened on Monday the 9th of August and closed on Wednesday the 11th of August.

Earlier the company had completed allocation to anchor investors The company allotted 55,59,664 shares at Rs 1,618 to 43 anchor investors. The highest allocation was made to American Funds Insurance Series who was allotted 4,63,527 equity shares or 8.34% of the anchor book. This was followed by an equal allotment to three mutual funds of 3,24,468 equity shares or 5.84% to Axis, Aditya Birla and HDFC. Thus, the top four anchor investors were allotted 25.86% of the anchor book.

At the bottom end of the anchor allocation, 8 anchors were allotted 32,361 shares or 0.58% of the anchor book.

The QIB portion was subscribed 35.45 times, HNI portion was subscribed 41 times and Retail portion was subscribed 2.75 times. The retail portion saw 17.29 lac applications. On basis of lots, the retail portion was subscribed 2.40 times.

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

Car Trade Subscription

Bucket Size Shares Applied for Times Oversubscribed
QIB 3706443 131388732 35.45
HNI 2779883 113970366 41.00
Retail

6486276 17813583 2.75
Total

12972602 26317281 20.29

Nuvoco Vistas Corporation Limited – Issue Subscribed 1.74 times

Nuvoco Vistas Corporation Limited which had tapped the capital markets with its fresh issue for Rs 1,500 crs and an offer for sale of Rs 3,500 crs was subscribed 1.74 times. The issue had opened on Monday the 9th of August and closed on Wednesday the 11th of August. The price band was Rs 560-570.

Earlier the company had completed its allocation to anchor investors. The company allotted 2,63,15,788 equity shares to 36 Anchor investors comprising of 66 entities at Rs 570 per share. The issue opens on Monday the 9th of August and closes on Wednesday the 11th of August.

The highest allocation was made to State Bank of India who was allotted 9.9% of the anchor book through five entities. SBI Life Insurance was allotted 8.7% of the anchor book.

The QIB portion was subscribed 4.30 times, HNI portion was subscribed 0.67 times and Retail portion was subscribed 0.74 times. There were 7.20 lac applications and on basis of lots the retail issue was subscribed 0.61 times.

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

Nuvoco Vistas Subscription

Bucket Size Shares Applied for Times Oversubscribed
QIB 17543860 75493314 4.30
HNI 13157895 8868782 0.67
Retail

30701754 22664044 0.74
Total

61403509 107026140 1.74

Aptus Value Housing Finance India Limited – Completes anchor allocation

Aptus Value Housing Finance India Limited which is tapping the capital markets with its fresh issue of Rs 500 crs and an offer for sale of 6,45,90,695 shares completed allocation to anchor investors. The price band of the issue is Rs 346-353. The issue opens on Tuesday the 10th of August and closes on Thursday the 12th of August.

The company allotted 2,36,26,500 equity shares to 26 Anchor investors comprising of 36 entities at the top end of the band of Rs 353. The highest allocation was made to WF Reconnaissance Fund Limited who was allotted 29,42,772 shares or 12.46% of the anchor allotment. This was followed by Smallcap World Fund who was allotted 24,45,912 shares or 10.35% of the anchor allotment. This was followed by the Genesis group who was allotted 9.15% of the shares through 3 entities. The top 3 anchors were allotted 31.96% of the anchor book.

Overall, FPI’s were allotted 91.72% of the anchor book while Domestic investors were allotted 8.28% of the book. FPI’s love the business of affordable housing, retiral homes and the concept of first-time homebuyers by the unbanked and are willing to pay unheard of valuations for the same.

The full list of anchor allotment is given below: –

Subscribe to RSS Feed Follow me on Twitter!