Exxaro Tiles Limited- Issue subscribed 22.68 times

Exxaro Tiles Limited which had tapped the capital markets with its fresh issue for 1,11,86,000 shares and an offer for sale of 22,38,000 in a price band of Rs 118-120, was subscribed 22.68 times.

Earlier the company had completed allocation to anchor investors. The issue which had opened on Wednesday the 4th of August and closed on Friday the 6th of August, saw the company allotting 19,73,325 shares at Rs 120 per share.

The company allotted the shares to two anchors comprising of three entities. The highest allocation was given to Quant Mutual Fund, who was allotted 15,56,500 shares or 68.88% of the anchor allotment equally in two schemes. The second mutual fund who was allotted shares was AG Dynamic Funds who was allotted 4,16,825 shares or 21.12% of the anchor book.

The QIB portion was subscribed 17.67 times, HNI portion was subscribed 5.36 times while Retail portion was subscribed 40.10 times. Employee portion was subscribed 2.53 times. There were 21.10 lac applications and on basis of applications, the retail issue was subscribed 34.58 times.

Full details of the subscription are given below: –

Exxaro Tiles Subscription

Bucket Size Shares Applied for Times Oversubscribed
QIB 1315550 23250500 17.67
HNI 4604425 24687750 5.36
Retail

5262200 211036125 40.10
Employee 268500 678250 2.53
Total

11450675 259652625 22.68

Krsnaa Diagnostics Limited – Issue subscribed 64.40 times

Krsnaa Diagnostics Limited which had tapped the capital markets with its fresh issue for Rs 400 crs and an offer for sale of 85,25,250 equity shares in a price band of Rs 933-954 was subscribed 64.40 times.

The company had earlier completed allocation to anchor investors. The company allotted 56,28,937 shares to 36 anchor investors comprising of 44 entities. The highest allotment was made to 5 anchor investors who were each allotted 4,08,810 shares or 7.26% of the anchor book. The top five anchors were therefore allotted 36.3% of the anchor portion.

The QIB portion was subscribed 49.83 times, HNI portion was subscribed 116.30 times while Retail portion was subscribed 42.04 times. Employee portion was subscribed 0.98 times. There were 21.01 lac applications and on basis of applications, the retail issue was subscribed 20.63 times.

Full details of the subscription are given below: –

Krsnaa Diagnostics Subscription

Bucket Size Shares Applied for Times Oversubscribed
QIB 3752625 186979845 49.83
HNI 1876312 218210460 116.30
Retail

1250874 52590540 42.04
Employee 232288 227400 0.98
Total

7112099 458008245 64.40

Krsnaa Diagnostics Limited – Completes Anchor Allocation

Krsnaa Diagnostics Limited is tapping the capital markets with its fresh issue for Rs 400 crs and an offer for sale of 85,25,250 equity shares in a price band of Rs 933-954 completed allocation to anchor investors. The company allotted 56,28,937 shares to 36 anchor investors comprising of 44 entities. The highest allotment was made 5 anchor investors who were each allotted 4,08,810 shares or 7.26% of the anchor book. The top five anchors were therefore allotted 36.3% of the anchor portion.

The issue opens on Wednesday the 4th of August and closes on Friday the 6th of August.

The full list of anchor investors and their allocation is given below: –

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