Apex Frozen Foods’ IPO to open for subscription today

Apex Frozen Foods, a profitable integrated producer & exporter of shelf stable quality aquaculture products with over two decades of experience, announced an Initial Public Offering (IPO) to finance its expansion program.
 
The IPO of up to 87,00,000 equity shares of face value of Rs 10 each for cash at a premium offered through a book-building route at a price-band of Rs 171 – Rs 175 per equity share aggregating Rs 148.77 crore – Rs 152.25 crore.
 
The issue will comprise of fresh issue of 7,250,000 equity shares and an offer for sale of 1,450,000 equity shares by the promoter & promoter group members. The book running lead manager is Karvy Investor Services Limited. The IPO would open for public subscription on 22nd August and close on 24th August with the subscription for anchor investors opening on 21st August 2017. The shares will be listed on NSE and BSE.
 
Apex Frozen Foods Limited proposes to utilise the net proceeds from the fresh Issue towards the setting up a new shrimp processing unit with a proposed capacity of 20,000 MTPA at East Godavari District, Andhra Pradesh and for general corporate purposes.
 
The company’s total revenues grew from Rs 2,554.8 million in fiscal 2013 to Rs 7,096.8 million in fiscal 2017 with a return on net worth of 25.22% in fiscal 2017. The company has a sizeable farming operation spread across 1,337.69 acres of land.

Investors can trade in CDSL from today

Central Depository Services (CDSL) is to hit the Indian exchanges today. The stock is the first depository to get listed on bourses in the country. The stock's grey market premium is around Rs 90-100 per share, indicating a listing of around Rs 225-250 per share, reported a leading news agency. The issue price for the IPO stood at Rs 149 per share.
 
What can be called as the most popular initial public offering (IPO) of 2017, the BSE promoted CDSL IPO was oversubscribed by 170.16 times. This made it the most subscribed IPO issue of 2017 in the Indian capital markets.
 
The qualified institutional buyers (QIBs) bid 148.71 times, retail individual investors bid 23.83 times and employees segment have received bids for 1.46 times for the Central Depository Services Limited (CDSL) IPO. The demand for the IPO was led by the non-institutional investors, who bid 563.03 times.
 
The objectives of the issue include achieving the benefits of listing the equity shares on NSE and to enhance its visibility and brand image and provide liquidity to its existing shareholders.

IPO Alert: CDSL oversubscribed 9.48 times

CDSL IPO continued to get a huge response from the investors. The IPO issue had got oversubscribed on its first day of subscription. On its last day of subscription on Wednesday, the issue has got oversubscribed by 9.48x.
 
The total issue size of the IPO stands at 2,48,27,046 shares. As per the data available with the National Stock Exchange as of 1100 hours on Wednesday, the total bids received stood at 23,53,95,600 shares and the total bids received at cut-off price stood 12,70,84,000 shares. The issue got oversubscribed by Institutional investors by 7.29 times, HNIs by 6.04 times and Retail investors by 13.39 times.
 
After the blockbuster entry of BSE in the capital markets, investors have braced themselves for the BSE promoted CDSL IPO.  The IPO closes on June 21, 2017.
 
The IPO is going to follow book building issue, wherein price band is fixed at Rs 145 per share to Rs 149 per share. The minimum order quantity is one market lot which consists of 100 shares. The issue size stands at 35,167,208 equity shares with face value of Rs 10 per share aggregating up to Rs 523.99 crore and offer for sale of 35,167,208 equity shares with face value of Rs 10 per share.
 
The important objectives of the offer include to achieve the benefits of listing the equity share on the NSE and to enhance its visibility and brand image and provide liquidity to its existing shareholders.

Tejas Networks IPO to open for subscription today

Tejas Networks Limited proposes to open on Wednesday, June 14, 2017, an initial public offering of equity shares of face value of Rs 10 each for cash, comprising of a fresh issue of equity shares aggregating up to Rs 4,500 million and an offer for sale of up to 12,711,605 equity shares by Selling Shareholders. The bid or offer will close on Friday, June 16, 2017.

The price band for the offer is fixed from Rs 250 to Rs 257 per equity share. Bids can be made for a minimum of 55 Equity Shares and in multiples of 55 equity shares thereafter.
 
The Book Running Lead Managers (BRLMs) to the offer are Axis Capital Limited, Citigroup Global Markets India Private Limited, Edelweiss Financial Services Limited and Nomura Financial Advisory and Securities (India) Private Limited.
 
The company may, in consultation with the BRLMs, consider participation by Anchor Investors in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 as amended (SEBI ICDR Regulations). The Anchor Investor Bid/ offer Period shall be one Working Day prior to the Bid/Offer Opening Date; i.e., Tuesday, June 13, 2017.
 
The Equity Shares offered through the RHP are proposed to be listed on BSE Limited (BSE) and National Stock Exchange of India Limited (NSE).

HUDCO IPO receives stellar response; oversubscribed by 20.23 times

In line with the street expectations, the HUDCO IPO has received more subscriptions on Day 3 of the subscription. The IPO has issue size of 20,40,58,747 shares.
 
As per the data available with the National Stock Exchange (NSE), as of 1345 hours, the total bids received by the HUDCO IPO stands at 4,12,87,92,600. The total bids received at cut off prices stands at 49,21,64,800. The data shows that the issue got subscribed by 2023% or 20.23 times.
 
The qualified institutional buyers reported subscription of 845%, Non-institutional investors reported subscription of 4255%, Retail investors reported subscription of 304% and Employees of the company reported subscription of 12% on the third day of subscription as of 1350 hours.
 
The IPO is following the book-building process wherein the price band is pegged at Rs 56 to Rs 60 per equity share.
 
The government intends to sell 20,40,58,747 shares to raise Rs 1224 Cr of funds from the capital markets. The investors need to apply for the minimum of one market lot which consists of 200 shares.
 
As per data available with the National Stock Exchange (NSE), the 10,00,95,000 shares (49%) are offered to qualified institutional buyers, 3,00,28,500 shares (15%) are offered to non-institutional buyers, 7,00,66,500 (34%) shares are offered to retail institutional investors and 38,68,747 shares (2%) to the employees of the company.

HUDCO IPO subscribed by 52%

All eyes are on the Housing and Urban Development Corporation (HUDCO) IPO. HUDCO is a government owned company and it disburses loans for the housing and development projects in the country. The IPO has issue size of 20,40,58,747 shares.
As per the data available with the National Stock Exchange (NSE), as of 1545 hours, the total bids received by the HUDCO IPO stands at 10,61,52,200. The total bids received at cut off prices stands at 7,11,48,600. The data shows that the issue got subscribed by 52%.

The IPO is following the book-building process wherein the price band is pegged at Rs 56 to Rs 60 per equity share.

 
The government intends to sell 20,40,58,747 shares to raise Rs 1224 Cr of funds from the capital markets. The investors need to apply for the minimum of one market lot which consists of 200 shares.
 
As per the data available with the National Stock Exchange (NSE), the 10,00,95,000 shares (49%) are offered to qualified institutional buyers, 3,00,28,500 shares (15%) are offered to non-institutional buyers, 7,00,66,500 (34%) shares are offered to retail institutional investors and 38,68,747 shares (2%) to the employees of the company.

L&T Infotech to list on bourses today

The listing will take place in the presence of L&T Group Executive Chairman, A M Naik.

L&T Infotech will make its stock market debut today.

The listing will take place in the presence of L&T Group Executive Chairman, A M Naik.

The company had fixed a price band of Rs. 705-710 per share for the offering.

Kotak Mahindra Capital Company, Citigroup Global Markets India and ICICI Securities were the managers of the issue.

Advanced Enzyme IPO hits markets

The price band has been fixed at Rs 880- 896 per equity share. The issue will close on July 22 (Friday).

Advanced Enzyme Technologies Ltd IPO has hit capital markets with a 100 per cent book building initial public offering (IPO) of 46.03 lakh equity shares of face value of Rs 10 each.

The price band has been fixed at Rs 880- 896 per equity share. The issue will close on July 22 (Friday).

The company gathered around Rs 123 crore from as many as 15 anchor investors.

Kuwait Investment Authority Fund, DB International (Asia) Ltd, SBI Life Insurance Company Ltd, DSP Blackrock Equity Fund, L&T Mutual Fund Trustee Ltd and Tata AIA Life Insurance are among the anchor investors.

The company has allotted shares worth Rs.122.85 crore as part of the anchor book allotment.

L&T Infotech's IPO oversubscribed 12 times

The IPO received bids for 142,946,840 shares as against the total issue size of 12,250,000 shares, according to NSE data.

L&T Infotech’s initial public offering (IPO) was oversubscribed by 11.67 times on the final day of the issue on Wednesday.

The IPO received bids for 142,946,840 shares as against the total issue size of 12,250,000 shares, according to NSE data.

The IPO was priced between Rs. 705 and Rs. 710 per share. The issue was opened on July 11.

The company raised Rs 373 crore from anchor investors by selling shares at a price of Rs 710 apiece.

L&T Infotech subscribed 1.46 times on day 2

The IPO received 17.89 million bids against the issue size of 12.25 million shares.

The initial public offering (IPO) of the engineering and construction major L&T’s tech-arm L&T Infotech started on a good note yesterday. The momentum is picking up on the second day also with the issue subscribed 1.46 till 11:00 am, as per the data available with NSE.

The IPO received 17.89 million bids against the issue size of 12.25 million shares.

Category-wise, the issue oversubscribed 1.87 times in qualified institutional buyer (QIB) segment while the retail portion was subscribed 89%.

The IPO is priced between Rs.705 and Rs.710 per share. Retail investors are being offered a discount of Rs.10 per share. At the top end of the price band, the IPO is worth Rs.1,236 crore and the company will be valued at around Rs 12,056 crore.

The entire issue is offer for sale by promoter Larsen & Tourbo.

Mahanagar Gas to list today

The initial share sale of country’s second largest CNG retailer Mahanagar Gas was oversubscribed by 65.28 times. The issue period was from June 21-23. The company had set price band of Rs.380-Rs.421 for the issue.

Mahanagar Gas Ltd (MGL), a joint venture between GAIL (India) and BG Asia Pacific Holdings Pte Ltd (BGAPH),is going to list today.

The initial share sale of country’s second largest CNG retailer Mahanagar Gas was oversubscribed by 65.28 times. The issue period was from June 21-23. The company had set price band of Rs.380-Rs.421 for the issue.

MGL is the sole authorized distributor of compressed natural gas (CNG) and piped natural gas (PNG) in Mumbai and its Adjoining Areas and the Raigad district in the state of Maharashtra, India.

The offer consists of offer for sale of up to 12,347,250 (12.5%) equity shares by GAIL and up to 12,347,250 (12.5%) equity shares by BGAPH. The Government of Maharashtra holds 10% stake in the company. Post offer, the share holding of GAIL and BGAPH will come down to 32.5% each.

The company currently has nearly 8.5 lk customers for PNG that includes households and commercial customers too, while nearly 4.70 vehicles run on CNG sold by the company through a network of 188 CNG stations.

The offer includes a reservation of up to 200,000 Equity Shares for subscription by eligible employees on a competitive basis. This Offer is being made through the book building process where 50% of the offer, less the employee reservation portion shall be available for allocation on a proportionate basis to QIBs.

MGL and the Selling Shareholders may, in consultation with the Book Running Lead Managers, allocate up to 60% of the QIB Portion to Anchor Investors, on a discretionary basis, (“Anchor Investor Portion”) at the Anchor Investor Allocation Price, in accordance with the SEBI ICDR Regulations, out of which at least one third will be available for allocation to domestic Mutual Funds only subject to valid Bids received from domestic Mutual Funds at or above the Anchor Investor Allocation Price.

In event of under-subscription, or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the QIB Portion. Equity Shares representing 5% of the QIB Portion (excluding the Anchor Investor Portion) shall be available for allocation on a proportionate basis to Mutual Funds only.

Kotak Mahindra Capital Company Limited and Citigroup Global Markets India Private Limited are the Book Running Lead Managers to the offer. The Registrar to the offer is Link Intime India Private Limited.

Mahanagar IPO subscribed 7.53 times

The Rs 1,040 crore issue received total bids for 13,,05,34, 250 shares, as against total issue size of 1,73,46,150 shares, according to NSE data

The initial public offering (IPO) of Mahanagar Gas recorded 7.53  times subscription. 

The Rs 1,040 crore issue received total bids for 13,,05,34, 250 shares, as against total issue size of 1,73,46,150 shares, according to NSE data.

The company had allotted 7,348,350 equity shares to 25 anchor investors at Rs 421 a share.

Mahanagar Gas raises Rs. 309.36 crore from anchor investors

The company sold 7.34 million shares to 25 institutional investors at Rs.421 per share.

Mahanagar Gas Ltd raised Rs.309.36 crore by allotting shares to anchor investors.

The company sold 7.34 million shares to 25 institutional investors at Rs.421 per share.

The public issue will open today and will close on 23 June.

Some of the major foreign and domestic Anchor Investors are BNP Paribas, Morgan Stanley, DB International Asia Limited, Abu Dhabi Investment Authority-  Merrill Lynch Capital Market, DSP BlackRock,  SBI Life Insurance Company, ICICI Prudential MF, Kotak MF, Birla Sun Life MF, Franklin Templeton Investment Funds, UTI, Sundaram Mutual Fund and other.

GAIL (India) and BG Asia own 45% each in MGL.

Parag Milk Foods to list today

The company’s Rs.760 crore initial public offering (IPO), which was extended by three days, was oversubscribed 1.83 times on the final day of the offer which ended on May 11.

Parag Milk Foods is set to list today. The company’s Rs.760 crore initial public offering (IPO), which was extended by three days, was oversubscribed 1.83 times on the final day of the offer which ended on May 11.

The Public Issue comprised a fresh issue aggregating up to Rs. 3,000 million (“Fresh Issue”) and an offer for sale of up to 20,572,573 Equity Shares. (The “Issue”).The Issue included a reservation of 300,000 Equity Shares for subscription by Eligible Employees. The price band for the Issue was Rs. 215 to Rs. 227 per Equity Share with a Rs. 12 discount for Retail Investors and Eligible Employees.

As per preliminary data available on the stock exchanges, the Public Issue was subscribed to ~1.83 times on an overall basis. The QIB portion was subscribed ~1.15 times; the Non-Institutional portion was subscribed ~3.08 times; the Retail portion was subscribed ~2.12 times; and the Employees portion was subscribed ~1.02 times.

Devendra Shah, Chairman, Parag Milk Foods Ltd., said, “We are happy to announce that the Public Issue process has been successfully completed with oversubscription in all investor categories. The Anchor Book witnessed participation at the upper end of the Price Band – Rs. 227 per Equity Share - from marquee institutional investors. During the extended period up to May 11, 2016, the Public Issue witnessed additional participation from QIBs and investors in other categories who could not invest earlier due to regional holidays in Asia. We welcome new investors to the Parag Milk Foods family.”   

The equity shares of face value of Rs. 10 each (the “Equity Shares”) will be listed on BSE Limited and the National Stock Exchange of India Limited (collectively, the “Stock Exchanges”).

On May 3, 2016, the Company had finalized the allocation of 1,51,03,935 equity shares to anchor investors at a price of Rs. 227 per equity share aggregating to Rs. 342.86 crore to anchor investors.

RBL Bank plans to launch IPO in July

The company received a conditional approval from the capital markets regulator for its initial public offer (IPO) last month.

RBL Bank Ltd (formerly Ratnakar Bank) is planning to launch IPO in July, according to reports.

Report says that the company received a conditional approval from the capital markets regulator for its initial public offer (IPO) last month.

The company has been waiting for approval for almost 11 months.

The bank had planned to raise Rs.1,100 crore through IPO On 21 December 2015.

Parag Milk Foods Public Issue over-subscribed

The Public Issue comprised a fresh issue aggregating up to Rs. 3,000 million (“Fresh Issue”) and an offer for sale of up to 20,572,573 Equity Shares.

Parag Milk Foods Limited closed today its initial public offering of equity shares and the Public Issue was fully subscribed at the upper end of the Price Band – Rs. 227 per Equity Share.

The Public Issue comprised a fresh issue aggregating up to Rs. 3,000 million (“Fresh Issue”) and an offer for sale of up to 20,572,573 Equity Shares. (The “Issue”).The Issue included a reservation of 300,000 Equity Shares for subscription by Eligible Employees. The price band for the Issue was Rs. 215 to Rs. 227 per Equity Share with a Rs. 12 discount for Retail Investors and Eligible Employees.

As per preliminary data available on the stock exchanges, the Public Issue was subscribed to ~1.83 times on an overall basis. The QIB portion was subscribed ~1.15 times; the Non-Institutional portion was subscribed ~3.08 times; the Retail portion was subscribed ~2.12 times; and the Employees portion was subscribed ~1.02 times.

Devendra Shah, Chairman, Parag Milk Foods Ltd., said, “We are happy to announce that the Public Issue process has been successfully completed with oversubscription in all investor categories. The Anchor Book witnessed participation at the upper end of the Price Band – Rs. 227 per Equity Share - from marquee institutional investors. During the extended period up to May 11, 2016, the Public Issue witnessed additional participation from QIBs and investors in other categories who could not invest earlier due to regional holidays in Asia. We welcome new investors to the Parag Milk Foods family.”   

 

The equity shares of face value of Rs. 10 each (the “Equity Shares”) will be listed on BSE Limited and the National Stock Exchange of India Limited (collectively, the “Stock Exchanges”).

On May 3, 2016, the Company had finalized the allocation of 1,51,03,935 equity shares to anchor investors at a price of Rs. 227 per equity share aggregating to Rs. 342.86 crore to anchor investors.

Parag Milk Foods to set up R&D centre for value added milk products

Out of the total fresh issue of Rs. 300 crore to be raised through the IPO, the Company is planning to utilise Rs. 147.7 crore for expansion and modernisation plan.

Parag Milk Foods Limited (the “Company”) proposes to set up a research and development centre at Manchar facility (near Pune) to develop new products and processes and a technology centre at subsidiary for training and development activities and focus on animal husbandry. Out of the total fresh issue of Rs. 300 crore to be raised through the IPO, the Company is planning to utilise Rs. 147.7 crore for expansion and modernisation plan.

The Company recently launched flavoured milk with higher protein content under its ‘Topp Up’ brand and buttermilk under ‘Go’ brand with a few variants each. It has also introduced milk variants on the basis of specific end-use and introduced T-Star milk to be used to make tea and coffee and introduced Go Kidz milk with high protein content for growing children. It now intends to increase dairy based beverages portfolio under ‘Go’ brand and introduce milk based high protein drinks.

Mr. Devendra Shah, Chairman, Parag Milk Foods Ltd. said, “We constantly focus on research and development to distinguish ourselves from our competitors to enable us to introduce new products based on consumer preferences and demand. We intend to increase the share of our value-added product portfolio by focusing on health and nutrition to cater to evolving consumer trends. We believe that we can increase our margins by focussing on increasing sales of our value-added products and that such initiatives will assist us in further diversifying our business.”

Parag Milk Foods Ltd. is the second largest cheese player in India with 32% market share. It also has the largest cheese plant in India where the addressable market is Rs. 1,200 crore. It is a pioneer and the biggest player in Cow ghee segment where the addressable market size is Rs. 61,800 crore. It is the largest private player in UHT milk market where the addressable market is Rs. 2,600 crore. In fresh milk, it is the largest private brand in Mumbai, 2nd Largest in Pune and 3rd largest in Nagpur; amongst top 5 in Bangalore & Chennai. It is a pioneer in frozen & flavored yoghurt segment and an important player in curd market in West & South India.

The Company proposes to open on Wednesday, May 4, 2016, a Public Issue of its equity shares of face value of Rs. 10 each (the “Equity Shares”) for cash at a Price Band from Rs. 220 to Rs. 227 per Equity Share. The Company in consultation with the Investor Selling Shareholders and the BRLMs will offer a discount of up to Rs. 12 per Equity Share on the Issue Price to Eligible Employees and a discount of up to Rs. 12 per Equity Share on the Issue Price to the Retail Individual Bidders. The Bid/Issue Period will close on Friday, May 6, 2016.

While the current product portfolio includes plain curd, it proposes to introduce a new variant of curd with a higher protein and lower fat content and cream cheese with a lower fat content for health conscious consumers. It also intends to introduce colostrum products, which can be consumed as a daily supplement to improve community and general health, introduce several cheese products with low fat, high protein and mineral content. It seeks to add value to and convert milk powder into food supplements and nutritional products for different age groups. Further, it intends to sell premium quality butter and ghee through the farm-to-home concept under ‘Pride of Cows’ brand.The Company’s current range of whey products include whey protein concentrates, whey permeate and demineralised whey powders. It sells whey proteins to institutional customers including Nestle India Limited and UTH Beverage Factory Private Limited and whey powders to bakeries and confectionaries. As of December 31, 2015, it had incurred Rs. 31.85 crore in setting up whey products processing infrastructure and is in the process of commissioning additional technological infrastructure to increase the concentration and grading of whey proteins that it manufactures, and sell them directly to retail consumers in the form of branded health supplement foods and beverages.

The BRLMs to the Issue are Kotak Mahindra Capital Company Limited, JM Financial Institutional Securities Limited, IDFC Securities Limited and Motilal Oswal Investment Advisors Private Limited. 

Parag Milk Foods raises Rs. 343 crore from anchor investors

The Company proposes to open on Wednesday, May 4, 2016, a Public Issue of its equity shares of face value of Rs. 10 each (the “Equity Shares”) for cash at a Price Band from Rs. 220 to Rs. 227 per Equity Share.

Parag Milk Foods Limited (the “Company” or “Issuer”) has finalized the allocation of 1,51,03,935 equity shares to anchor investors at a price of Rs. 227 per equity share aggregating to Rs. 342.86 crore to anchor investors. Anchor Investors include: Nomura, Morgan Stanley, Abu Dhabi Investment Authority, Tata MF, Neuberger Berman, Quantum, etc.

Abu Dhabi Investment Authority – Behave – 1423825 (9.43%), Alberta Teachers Retirement Fund Board – 316495 (2.1%), Copthall Mauritius Investment Limited – 913516 (6.05%), Government Pension Fund Global – 1421095 (9.41%), Hostplus Pooled Superannuation Trust Neuberger Australia PTY Limited – 330896 (2.19%), Indus India Fund (Marutius) Ltd. – 220300 (1.46%), Jana Emerging Markets Share Trust – 240972 (1.6%), Morgan Stanley Mauritius Company Ltd. – 1404195 (9.3%), Neuberger Berman Emerging Market Strategy – 305679 (2.02%), Neuberger Berman Emerging Markets Equity Fund – 561055 (3.71%), Nomura India Investment Fund Mother Fund – 2202655 (14.58%), Quantum (M) Limited – 844480 (5.59%), SEI Global Master Fund PLC A/C The SEI Emerging Markets Equity Fund – 273357 (1.81%), SEI Institutional International Trust Emerging Markets Equity Fund A/C SEI Institutional International Trust Emerging Markets Equity Fund managed by Neuberger Berman Management LLC – 460375 (3.05%),The Honey Well International Inc. Master Retirement Trust – 220300 (1.46%), The Nomura Trust & Banking Co. Ltd. As the Trustee of Nomura India Stock Mother Fund – 440570 (2.92%), Tata Balanced Fund – 1921270 (12.72%), Tata Equity Opportunities Fund – 507065 (3.36%), Tata India Consumer Fund – 28015 (0.19%), Tata Offshore India Opportunities Scheme – 694265 (4.6%), Tata Trustee Co Ltd. A/C Tata Mutual Fund A/c Tata Midcap Growth Fund – 240500 (1.59%), Tata Trustee Co Ltd. A/C Tata Mutual Fund – Tata India Tax Savings Fund – 133055 (0.88%)  

 The Company proposes to open on Wednesday, May 4, 2016, a Public Issue of its equity shares of face value of Rs. 10 each (the “Equity Shares”) for cash at a Price Band from Rs. 220 to Rs. 227 per Equity Share (including a share premium per Equity Share) consisting of a fresh issue of Equity Shares aggregating up to Rs. 3,000 million (“Fresh Issue”) and an offer for sale of up to 20,572,573 Equity Shares comprising of 14,286,449 Equity Shares by the Investor Selling Shareholders; and 6,286,124 Equity Shares by Other Selling Shareholders (the “Offer for Sale” and the Offer for Sale and the Fresh Issue are collectively referred to as the “Issue”). The Issue includes a reservation of 300,000 Equity Shares for subscription by Eligible Employees (the “Employee Reservation Portion”). The Issue less the Employee Reservation Portion is referred to herein as the Net Issue.

 Bids can be made for a minimum of 65 Equity Shares and in multiples of 65 Equity Shares thereafter. The Company and the Investor Selling Shareholders may, in consultation with the Book Running Lead Managers (the “BRLMs”), consider participation by Anchor Investors in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended (the “SEBI Regulations”). The Anchor Investor Bid/Issue Period shall be one Working Day prior to the Bid/Issue Opening Date. The Bid/Issue Period will close on Friday, May 6, 2016.

 The Equity Shares offered through the Issue are proposed to be listed on BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE”) (collectively, “Stock Exchanges”). For the Issue, BSE shall be the Designated Stock Exchange.

The BRLMs to the Issue are Kotak Mahindra Capital Company Limited, JM Financial Institutional Securities Limited, IDFC Securities Limited and Motilal Oswal Investment Advisors Private Limited. 

 In compliance with the proviso to Regulation 21A(1) of the SEBI (Merchant Bankers) Regulations, 1992, read with proviso to Regulation 5(3) of the SEBI Regulations, IDFC Securities Limited and Motilal Oswal Investment Advisors Private Limited will be involved only in marketing of the Issue.

 The Issue is being made through the Book Building Process, in compliance with Regulation 26(2) of the SEBI Regulations, wherein at least 75% of the Net Issue shall be Allotted on a proportionate basis to Qualified Institutional Buyers (“QIBs”) (the “QIB Portion”), provided that the Company in consultation with the Investor Selling Shareholders and the BRLMs, may allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis. Further, 5% of the QIB Portion (excluding the Anchor Investor Portion) shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QIB Portion shall be available for allocation on a proportionate basis to all QIB Bidders (other than Anchor Investors), including Mutual Funds, subject to valid Bids being received at or above the Issue Price. If at least 75% of the Net Issue cannot be allotted to QIBs, then the entire application money shall be refunded forthwith. Further, not more than 15% of the Net Issue shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not more than 10% of the Net Issue shall be available for allocation to Retail Individual Bidders in accordance with the SEBI Regulations, subject to valid Bids being received at or above the Issue Price. Further, 300,000 Equity Shares will be available for allocation on a proportionate basis to Eligible Employees, subject to valid Bids being received from them at or above Issue Price after the Employee Discount. The Company in consultation with the Investor Selling Shareholders and the BRLMs will offer a discount of up to Rs. 12 per Equity Share on the Issue Price to Eligible Employees and a discount of up to Rs. 12 per Equity Share on the Issue Price to the Retail Individual Bidders. Under-subscription, if any, in the Employee Reservation Portion will be added back to the Net Issue portion. All potential investors, other than Anchor Investors, are required to mandatorily utilise the Application Supported by Blocked Amount (“ASBA”) process by providing details of their respective bank account which will be blocked by the Self Certified Syndicate Banks (“SCSBs”), to participate in the Issue.

Ujjivan raises Rs. 264.74 crore via anchor allotment

The anchor investors include leading domestic investors namely: Birla Sunlife Mutual Fund, ICICI Prudential Mutual Fund, Reliance Life Insurance, Reliance Mutual Fund, UTI Mutual Fund, Canara Robeco Mutual Fund, LIC Nomura Mutual Fund, HDFC Standard Life Insurance to name a few. 

Ujjivan Financial Services Ltd allots 12,607,081 equity shares at Rs. 210 per share aggregating to Rs. 264.75 Crore (approximately).

The anchor investors include leading domestic investors namely: Birla Sunlife Mutual Fund, ICICI Prudential Mutual Fund, Reliance Life Insurance, Reliance Mutual Fund, UTI Mutual Fund, Canara Robeco Mutual Fund, LIC Nomura Mutual Fund, HDFC Standard Life Insurance to name a few.

The issue will close on 2 May.

Thyrocare Technologies IPO to open today

The company has finalized the allocation of 3,223,411 equity shares at Rs. 446 per equity share (upper end of the Price Band) aggregating to Rs. 143.76 crore to 15 anchor investors.

Thyrocare Technologies Limited (the “Company” or “Issuer”) has finalized the allocation of 3,223,411 equity shares at Rs. 446 per equity share (upper end of the Price Band) aggregating to Rs. 143.76 crore to 15 anchor investors - Anchor investors include: Nomura, Merrill Lynch Capital Markets Espana, DSP Blackrock, HDFC MF, Birla Sunlife MF, Reliance Capital, SBI MF, ICICI Prudential, Tata AIA Life Insurance, Copthall Mauritius, Spring Healthcare India Trust, FIL Investments Mauritius, L&T MF, Sundaram MF & DB International Asia. Anchor investor notice for Thyrocare Technologies Limited (IPO) has been issued

The anchor investors include: The Nomura Trust And Banking Co., Ltd As The Trustee Of Nomura India Stock Mother Fund -  214,894 equity shares- 6.67%; DSP Blackrock Emerging Stars Fund - 214,894 equity shares- 6.67%; HDFC Trustee Company Ltd - HDFC Core And Satellite Fund - 214,894 equity shares -  6.67%; Birla Sunlife Trustee Company Private Limited A/C Birla Sunlife Small And Midcap Fund - 59,740 equity shares - 1.85%; Birla Sunlife Trustee Company Private Limited A/C Birla Sunlife India Gennext Fund -  77,008 equity shares - 2.39%; Birla Sunlife Trustee Company Private Limited A/C Birla Sunlife Emerging Leaders Fund Series 3 -  50,158 equity shares - 1.56%; Birla Sunlife Trustee Company Private Limited A/C Birla Sunlife Emerging Leaders Fund Series 4 - 27,988 equity shares     0.87%; Reliance Capital Trustee Co Ltd - A/C Reliance Mid & Small Cap Fund - 214,894 equity shares - 6.67%; SBI Magnum Multiplier Fund -  53,699 equity shares 1.67%; SBI Magnum Midcap Fund- 53,731 equity shares 1.67%; SBI Pharma Fund -53,731 equity shares 1.67%; SBI Long Term Advantage Fund-Series III - - 21,474 equity shares - 0.67%; SBI Magnum Children's Benefit Plan - 10,753 equity shares  0.33%; SBI Magnum Monthly Income Plan Floater - 10,753 equity shares 0.33%; SBI Resurgent India Opportunities Scheme - 10,753 equity shares - 0.33%; ICICI Prudential Business Cycle Fund Series 1 -   53,732 equity shares     1.67% ; ICICI Prudential Mutual Growth Fund - Series 8 - 21,505 equity shares  0.67%; ICICI Prudential India Recovery Fund - Series 1- 75,204 equity shares  2.33%; ICICI Prudential Value Fund  Series 6 - 64,453 equity shares 2%; Tata AIA Life Insurance Co Ltd A/C Whole Life Mid Cap Equity Fund -  214,894 equity shares - 6.67%; Merrill Lynch Capital Markets Espana S.A.S.V. -  214,895 equity shares 6.67%; Copthall Mauritius Investment Limited - 214,894 equity shares 6.67%; Spring Healthcare India Ltd – 179,452 equity shares – 5.57%; FIl Investments ( Mauritius) Ltd – 214921 equity shares – 6.67%; L&T Mutual Fund A/C L&T Midcap Fund – 112134 equity shares 3.48%; Sundaram BNP Paribas Balanced Fund – 33627 equity shares – 1.04%; Sundaram BNP Paribas MF AC Sundaram BNP Paribas Equity Multiplier Fund 33627 equity shares – 1.04%; Sundaram Mutual Fund A/C Sundaram BNP Paribas Smile Fund -44,880 equity shares – 1.39%; and DB International (Asia) Limited – 455,829 equity shares - 14.14%.

The Company will open on Wednesday, April 27, 2016, a Public Offer of up to 10,744,708 equity shares of face value of Rs. 10 each (the “Equity Shares”) for cash, at a price band of between Rs. 420 to Rs. 446 per Equity Share, (including sharepremium per Equity Share) through an offer for sale (the “Offer”) by the selling shareholders - as follows: (i) up to 10,207,472 Equity Shares offered by Agalia Private Limited; (ii) up to 180,000 Equity Shares offered by A. Sundararaju HUF; (iii) up to 180,000 Equity Shares offered by A. Velumani HUF; and; (iv) up to 177,236 Equity Shares offered by Anand Velumani.

Bids can be made for a minimum of 33 Equity Shares and in multiples of 33 Equity Shares thereafter. The Company and the Selling Shareholders may, in consultation with the Book Running Lead Managers (the “BRLMs”), consider participation by Anchor Investors in accordancewith the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended (the “SEBI Regulations”). The Anchor Investor Bid/Offer Period shall be one Working Day prior to the Bid/Offer Opening Date. The Bid/ Offer will close on Friday, April 29, 2016.

The Equity Shares offered through the Offer are proposed to be listed on National Stock Exchange of India Limited (“NSE”) and BSE Limited (“BSE”). For the Offer, NSE shall be the Designated Stock Exchange.

The BRLMs to the Offer are JM Financial Institutional Securities Limited, Edelweiss Financial Services Limited and ICICI Securities Limited.