Shriram Properties Limited Raises Rs. 268.64 crores from 118 anchor investors at the upper price band of Rs. 118 per equity share

Spread the love

·      Shriram Properties Limited allocates 2,27,66,949 equity shares to Anchor Investors at the upper price band of Rs. 118 per equity share

·      Public offer to open on Wednesday, December 08, 2021 and close on Friday, December 10, 2021

Shriram Properties Limited (the “Company”), has allotted 2,27,66,949 equity shares to 34 anchor investors and raised Rs.268.64 crores ahead of the company’s proposed IPO at the upper price band of Rs. 118 per equity share. (Including share premium of Rs. 108 /- per equity shares)

Marquee investors including Nomura Asset (Rs. 50 crore of the total anchor allocated amount); SBI Life (Rs. 44 crore), Nippon (Rs. 40 crore), Sundaram MF (Rs. 30 crore), HDFC Life (Rs. 15 crore), HDFC MF (Rs. 15 crore), Birla MF (Rs. 15.0 crore), Premji Invest (Rs. 15 crore), Plutus (Rs. 12.6 crore), Wells Capital (Rs. 12 crore), Discovery Thru BNP (Rs. 5 crore), Millenium (Rs. 5 crore), SocGen  (Rs. 5 crore) and Blue Mount Capital (Rs. 5 crore) of total allocation amount were part of the anchor book

Out of the total allocation of 2,27,66,949 equity shares to the Anchor Investors, 84,74,625 Equity Shares (i.e. 37.22% of the total allocation to Anchor Investors) were allocated to 4 domestic mutual funds through a total of 24 schemes.

Sr. No.Name of Anchor InvestorNo of Equity Shares allotted% of Anchor Investor PortionBid price (Rs. per Equity Share)
1.THE NOMURA TRUST AND BANKING CO, LTD AS THE TRUSTEE OF NOMURA INDIA STOCK MOTHER FUND42,37,37518.61118.00
2.SBI LIFE INSURANCE CO LTD37,29,00016.38118.00
3.NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA SMALL CAP FUND33,89,87514.89118.00
4.HDFC TRUSTEE CO LTD A/C HDFC HOUSING OPPORTUNITIES FUND -1140D NOVEMBER 2017 (I)12,71,2505.58118.00
5.ADITYA BIRLA SUN LIFE TRUSTEE PRIVATE LIMITED A/C ADITYA BIRLA SUN LIFE SMALL CAP FUND12,71,2505.58118.00
6.HDFC LIFE INSURANCE COMPANY LIMITED12,71,2505.58118.00
7.PIONEER INVESTMENT FUND12,71,2505.58118.00
8.SUNDARAM MUTUAL FUND A/C SUNDARAM BALANCED ADVANTAGE FUND7,20,3753.16118.00
9.SUNDARAM MUTUAL FUND A/C SUNDARAM MULTI CAP FUND- SERIES I84,7500.37118.00
10.SUNDARAM MUTUAL FUND A/C SUNDARAM MULTI CAP FUND SERIES II42,3750.19118.00
11.SUNDARAM MUTUAL FUND A/C SUNDARAM INFRASTURCTURE ADVANTAGE FUND4,23,7501.86118.00
12.SUNDARAM MUTUAL FUND A/C SUNDARAM SELECT MICRO SERIES XIV1,23,7500.54118.00
13.SUNDARAM MUTUAL FUND A/C SUNDARAM SELECT MICRO CAP SERIES – XV1,19,5000.52118.00
14SUNDARAM MUTUAL FUND A/C SUNDARAM SELECT MICRO CAP SERIES – XVI78,8750.35118.00
15SUNDARAM MUTUAL FUND A/C SUNDARAM SELECT MICRO CAP SERIES – XVII67,0000.29118.00
16SUNDARAM MUTUAL FUND A/C SUNDARAM EMERGING SMALL CAP-SERIES I1,61,0000.71118.00
17SUNDARAM MUTUAL FUND A/C SUNDARAM EMERGING SMALL CAP-SERIES II1,72,8750.76118.00
18SUNDARAM MUTUAL FUND A/C SUNDARAM EMERGING SMALL CAP-SERIES III1,54,2500.68118.00
19SUNDARAM MUTUAL FUND A/C SUNDARAM EMERGING SMALL CAP-SERIES IV1,10,1250.48118.00
20SUNDARAM MUTUAL FUND A/C SUNDARAM EMERGING SMALL CAP-SERIES V41,5000.18118.00
21SUNDARAM MUTUAL FUND A/C SUNDARAM EMERGING SMALL CAP-SERIES VI21,1250.09118.00
22SUNDARAM MUTUAL FUND A/C SUNDARAM EMERGING SMALL CAP-SERIES VII72,8750.32118.00
23SUNDARAM MUTUAL FUND A/C SUNDARAM LONG TERM TAX ADVANTAGE FUND SERIES III22,8750.10118.00
24SUNDARAM MUTUAL FUND A/C SUNDARAM LONG TERM TAX ADVANTAGE FUND SERIES IV14,3750.06118.00
25SUNDARAM MUTUAL FUND A/C SUNDARAM LONG TERM MICRO CAP TAX ADVANTAGE FUND SERIES III45,1250.20118.00
26SUNDARAM MUTUAL FUND A/C SUNDARAM LONG TERM MICRO CAP TAX ADVANTAGE FUND SERIES IV21,6250.09118.00
27SUNDARAM MUTUAL FUND A/C SUNDARAM LONG TERM MICRO CAP TAX ADVANTAGE FUND SERIES V21,6250.09118.00
28SUNDARAM MUTUAL FUND A/C SUNDARAM LONG TERM MICRO CAP TAX ADVANTAGE FUND SERIES –VI22,6250.10118.00
29KUBER INDIA FUND10,71,2504.71118.00
30OPTIMIX WHOLESALE GLOBAL EMERGING MARKETS SHARE TRUST10,17,0004.47118.00
31BNP PARIBAS ABRITAGE-ODI4,23,7691.86118.00
32SOCIETE GENERALE-ODI4,23,7691.86118.00
33SOCIETE GENERALE4,23,8941.86118.00
34BLUE MOUNT CAPITAL4,23,7671.86118.00
 TOTAL2,27,66,949100.00 

Out of the total allocation of 2,27,66,949 equity shares to the Anchor Investors, 84,74,625 Equity Shares (i.e. 37.22% of the total allocation to Anchor Investors) were allocated to 4 domestic mutual funds through a total of 24 schemes.

The Price Band of the offer has been fixed at Rs. 113 to Rs. 118 per equity share. Bids can be made for a minimum of 125 equity shares and in multiples of 125 equity shares thereafter.

The offer comprises of equity shares aggregating up to Rs. 600 crores (The “Offer”) includes fresh issue of equity shares aggregating upto Rs. 250 crores and an offer for sale aggregating upto Rs. 350 crores.

Axis Capital Limited, ICICI Securities Limited and Nomura Financial Advisory and Securities (India) Private Limited are the Book Running Lead Managers

Posted in IPO

Business Gujarat News

Leave a Reply

Your email address will not be published. Required fields are marked *

Next Post

Imports made up 86% of India’s gold supply between 2016-2020, continue to grow despite high import obligation, highlights World Gold Council Report

Thu Dec 9 , 2021
Spread the loveThe World Gold Council today launched a report titled ‘Bullion Trade in India’, as part of a series of in-depth analysis on the Indian […]
businessgujaratnews ©Copyright Theme: Default Mag by ThemeInWP

Quick Links