The issue from Apex Foods Limited received support in all buckets and was oversubscribed 6.14 times. The company had tapped the capital markets with its issue for 87 lakh shares. The issue comprised of a fresh issue of 72.50 lakh shares and an offer for sale of 14.50 lakh shares. The price band is Rs 171-175. The company would raise about Rs 152 crs.

The company allotted 24.90 lakh shares to 3 anchor investors comprising of 4 entities. Reliance Mutual Fund is the largest anchor being allotted 57.37% of the anchor book. The issue saw QIB’s subscribing 1.91 times, HNI 7.82 times, Retail 8.53 times and Employees 1.10 times. To make the overall issue subscribed 6.14 times. There were a total of 2,14,894 application forms which makes the retail portion subscribed 5.92 times in terms of number of lots.

The full details of the subscription are given below:-

Apex Frozen Foods Limited which is tapping the capital markets with its issue for 87 lakh shares completed allocation to anchor investors. The issue comprises of a fresh issue of 72.50 lakh shares and an offer for sale of 14.50 lakh shares. The price band is Rs 171-175. The company would raise about Rs 152 crs.

The company allotted 24.90 lakh shares to 3 anchor investors comprising of 4 entities. Reliance Mutual Fund is the largest anchor being allotted 57.37% of the anchor book.

The complete list of anchor investors is given below: –

Apex Frozen Foods Limited