Capacite Infraprojects Limited (Capacite) which is tapping the capital markets with its fresh issue to raise Rs 400 crs completed allocation to anchor investors. The price band is Rs 245 to 250. The company allotted shares to 15 anchor investors comprising of 25 entities. The highest allocation made to an entity is 4,00,020 shares or 8.33% of the anchor portion of 48 lakh shares. Six investors were given this quantity while another two funds were allotted the same quantity through a combination of their schemes.

Capacite is in the business of construction where it provides infrastructure and does the actual building of buildings in a pan India presence. Its customers include almost all the marquee names of real estate developers. Its USP is high rise buildings and it has done the largest number of 200 metre and plus high-rise towers.

The issue opens on Wednesday the 13th of September and closes on Friday the 15th of September.

The full list anchor investors along with their allocation is given below: –

capacite-anchor-allocation-1

The IPO from Dixon Technologies (India) Limited “Dixon” was subscribed and received excellent response. The company which had tapped the capital markets to raise fresh capital worth Rs 60 crs and an offer for sale of 30,53,675 shares in a price band of Rs 1,760-1766 was oversubscribed 117.83 times.

Earlier the company had allotted 10,18,027 equity shares to 15 Anchor Investors comprising of 22 entities. The issue received bids from QIB’s who subscribed their portion 134.66 times. The HNI portion was subscribed 345.61 and retail portion 10.60 times. The overall subscription was 117.83 times. Number of applications received were just over 15 lakhs which means that on basis of umber of apps the issue was subscribed 10.10 times.

The issue was to raise Rs 600 crs from the fresh issue and the offer for sale components. It raised Rs 49,400 crs of which Rs 31,078 was from HNI’s who are presumed to apply through borrowed funds. The cost of funding assuming 5.5% interest for 7 days comes to a cost of Rs 643.79 per share. This therefore assumes that a leveraged HNI is hoping to break even if the share issued at Rs 1,766 debuts at a price more than Rs 2,410. At this price, he breaks even.

The people who have applied in the HNI category includes many first timers. The book at 31,000 is big considering that there were four issues which would be using the same kitty.

The full details of subscription in various buckets is given below: –

Bharat Road Networks Limited or “BRNL” had tapped the markets with its IPO for 2.93 cr shares was subscribed. The issue had opened on Wednesday the 6th of September and closed on Friday the 8th of September. The price band was Rs 195-205. At the top end of the band the company would raise Rs 600.65 crs.
The issue was subscribed an overall 1.81 times with QIB portion subscribed 1.33 times, HNI 1.63 times and retail 5.69 times. The company is a road developer and has currently six BOT projects with five collecting toll and the sixth under construction spread across the country.
The detailed subscription is given below: –