Bajaj Corp IPO's anchor investors portion fully subscribed

Published on Sat, Jul 31, 2010 at 12:41 | Updated at Sat, Jul 31, 2010 at 13:23 | Source : Moneycontrol.com

The 45 lakh shares initial public offer (IPO) of Bajaj Corp, a part of Bajaj Group, will open for subscription on August 2, 2010. It intends to raise Rs 283.50 crore at lower end of price band and Rs 297 crore at higher price band.

Anchor investors, a part of qualified institutional investors' (QIB) portion that opens for one-day before issue opening, has been fully subscribed. The company has received commitment for Rs 52.65 crore as against finalisation of allocation of 8.1 lakh equity shares to anchor investors at a price of Rs 650 per share while the price band is at Rs 630-660 per share. Anchor investors included Goldman Sachs, Franklin Templeton, Reliance Capital, Axis MF, ICICI Prudential etc.

Bajaj Corp IPO's anchor investors portion fully subscribed

Applicant	No. of Equity Shares Allocated	% of Anchor Investor Portion
Reliance Capital Trustee Co Ltd A/c Reliance Regular Saving Fund - Balance Option	153847	19%
ICICI Prudential Emerging Star (Stock Targeted at Returns) Fund	153847	19%
Axis MF Trustee Ltd. A/c Axis Mutual Fund a/c Axis Income Saver	19231	2.40%
Axis MF Trustee Ltd. A/c Axis Mutual Fund a/c Axis Tax Saver Fund	19231	2.40%
Axis MF Trustee Ltd. A/c Axis Mutual Fund a/c Axis Equity Fund	96154	11.90%
Axis MF Trustee Ltd. A/c Axis Mutual Fund a/c Axis Triple Advantage Fund	19231	2.40%
ICICI Prudential Life Insurance Co Ltd	104615	12.90%
PI Opportunities Fund I	53846	6.60%
Copthall Mauritius Investment Ltd	52306	6.50%
Templeton Mutual Fund A/c Franklin FMCG Fund	12154	1.50%
Franklin India Smaller Companies Fund	48615	6%
Goldman Sachs India Fund Ltd	76923	9.50%
Total	810000	100%