The company which is tapping the markets with its simultaneous offer to raise fresh capital of Rs 325 crs and an offer for sale of 60.23 lakh shares saw its issue subscribed 59.49 times. Earlier it had allotted 32,62,194 equity shares to 13 anchor investors comprising of 35 entities at Rs 670 which is the top end o the price band of Rs 660-670.

The issue saw the QIB portion subscribed 44.27 times, HNI 204.65 times and retail portion subscribed 6.07 times. In terms of applications received the same was a shade over 9 lakh applications which means the issue was subscribed 5.18 times in terms of lots.

The funding cost for HNI’s considering an interest rate of between 5 and 6 % varies from Rs 132 at 5% to Rs 158 at 6%. In short the lucky retail investor where roughly every fifth person would get the share allotted would have a large safety factor and also make money.

The details of subscription are given below:-

S Chand and Company Limited ( S Chand) which is tapping the markets with its simultaneous offer to raise fresh capital of Rs 325 crs and an offer for sale of 60.23 lakh shares completed allocation to anchor investors. The price band is Rs 660 -670. The company allotted 32,62,194 equity shares to 13 anchor investors comprising of 35 entities at Rs 670.

The full list of anchor investors is given below: –