Easy Trip Planners Limited which had tapped the markets with its offer for sale of Rs 510 crs listed on the bourses and had a just about ok listing. Shares which were issued at Rs 187, closed at Rs 208.30, gaining Rs 21.30 or 11.39%. The price band was Rs 186-187. The issue had received excellent response and was subscribed 160.19 times. Earlier the company had allotted 1,22,72,727 equity shares at Rs 187 to 16 anchor investors comprising of 35 entities. The issue had opened on Monday the 8th of March and closed on Wednesday the 10th of March.

The QIB portion was subscribed 77.95 times, HNI portion was subscribed 384.26 times and Retail portion was subscribed 70.78 times. There were 19.95 lac applications and based on lots, the retail portion was subscribed 58.52 times. The cost of funding for the leveraged HNI is between Rs 115-120 per share.

The discovered price was Rs 206 on BSE and Rs 212.25 on NSE. At the discovered price, 2,83,657 shares were traded on BSE and 27,44,718 shares were traded on NSE. The high of the day was Rs 233.15 on BSE, while the low was Rs 187. The close was Rs 208.30, a gain of Rs 21.30 or 11.39%. On NSE, the high of the day was Rs 234, low was Rs 187.25 and the close was Rs 208.45, a gain of Rs 21.45 or 11.47%.

The traded volume on the two exchanges combined was 278.27 lac shares which was 1.02 times the IPO size of 272.72 lac shares and 1.86 times of the non-anchor portion of 150 lac shares. Delivery volume was 119.18 lac shares which was 42.83% of the traded volume. It was 43.70% of the IPO size and was 79.45% of the non-anchor portion. Weighted average of the day’s trade was Rs 210.76 on BSE and Rs209.88 on NSE. There were no institutional trades either on the buy side or sell side on either of the exchanges. Considering the hype and oversubscription that the issue had created, HNI leveraged investors have lost a fair bit of money on the share so far. Going forward the pressure on the share would continue.

Suryoday Small Finance Bank Limited which had tapped the capital markets with its fresh issue of 190.93 lac shares comprising of a fresh issue of 81.50 lac shares and 109.43 lac shares through an offer for sale was subscribed 2.37 times. The QIB portion was subscribed 2.18 times, HNI portion was subscribed 1.31 times, Retail was subscribed 3.09 times and Employee Quota was subscribed 0.34 times. There were 3.44 lac applications and on basis of lots the retail portion was subscribed 2.60 times.

Earlier the company had allotted 55,77,920 equity shares to 13 anchor investors. The largest allocation was made to Axis Mutual Fund and ICICI Prudential Life Insurance Company Limited of an identical 7,38,283 shares or 13.24% of the anchor allocation.

The price band is Rs 303-305. The issue had opened on Wednesday the 17th of March and closed on Friday the 19th of March.

Full details of the subscription are given below: –

The offer for sale of 52,94,392 equity shares was oversubscribed 175.46 times. QIB portion was subscribed 103.77 times, HNI portion was subscribed 389.89 times, Retail portion was subscribed 75.29 times and Employee quota was subscribed 7.55 times. There were 23.34 lac applications and on basis of lots, Retail portion was subscribed 57.55 times.

The company had earlier completed allocation to anchor investors. The company allotted 23,73,395 equity shares at Rs 1,101 to 25 anchor investors comprising of 43 entities. The highest allocation of 1,99,823 shares or 8.4% of the anchor allocation was made to Government of Singapore. This was followed by 13 anchor investors who were allotted an identical 1,19,899 shares or 5.1% of the anchor book.

The issue had opened on Wednesday the 17th of March and closed on Friday the 19th of March 2021. The price band for a Rs 4 paid up equity share is Rs 1,100 – 1,101.