
IL&FS Trans ropes in anchor investors for Rs 126 cr
The initial public offering (IPO) of IL&FS Transportation Networks (ITNL) has opened for subscription today. The company plans to raise upto Rs 700 crore through this issue, which will close on March 15.
It has already received a committment of Rs 126 crore from anchor investors (AIs). AIs subscribed for 48,83,720 equity shares at Rs 258 per equity share, at higher end of price band at Rs 242-258.
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Anchor investors included Jupiter South Asia Investment, The Royal Bank of Scotland, PI Opportunities Fund, Reliance Capital Trustee, India Horizon Fund, HDFC Trustee Company, Ward Ferry Management, Axis Mutual Fund, Sundaram BNP Paribas Mutual Fund, JF India Fund, JF Eastern Smaller Companies Fund and Nomura Mauritius.
ITNL was incorporated by IL&FS (an infrastructure development and finance company) in 2000, in order to consolidate their existing road infrastructure projects and to pursue various new project initiatives in the area of surface transportation infrastructure.
The offer for sale will include 42.8 lakh shares by Trinoka Trinity Capital (a UK-based fund), which will be Rs 110 crore at Rs 258 per share.
The book running lead managers to the issue are Enam Securities, Nomura Financial Advisory and Securities and JM Financial. The co-BRLMs to the issue are SBI Capital Markets and Avendus Capital. The shares will be listed on both the BSE and the NSE.
|
Anchor Investor |
Equity shares |
% of Portion |
| Jupiter South Asia Investment Co. Ltd | 62,984 | 1.3 |
| The Royal Bank of Scotland PLC as trustee of Jupiter India Fund | 188,954 | 3.9 |
| PI Opportunities Fund I | 251,938 | 5.2 |
| Reliance Capital Trustee Co Ltd Reliance Infrastructure Fund | 775,194 | 15.9 |
| India Horizon Fund Limited | 775,194 | 15.9 |
| HDFC Trustee Company Ltd A/c HDFC MF Monthly Income Plan Long Term Plan | 129,198 | 2.6 |
| HDFC Trustee Company Ltd A/c HDFC Growth Fund | 129,199 | 2.6 |
| HDFC Trustee Company Ltd A/c HDFC Core Satellite Fund | 129,199 | 2.6 |
| Ward Ferry Management Ltd A/c WF Asian Smaller Company Funds Ltd | 775,194 | 15.9 |
| Axis Mutual Fund A/c Axis Equity Fund | 229,035 | 4.7 |
| Axis Mutual Fund A/c Axis Tax Saver Fund | 22,903 | 0.5 |
| Sundaram BNP Paribas Mutual Fund - Sundaram BNP Paribas Growth Fund | 77,000 | 1.6 |
| Sundaram BNP Paribas Mutual Fund A/c Sundaram BNP Paribas Select Thematic FD Capex Opportunities Fund - Growth | 159,596 | 3.3 |
| Sundaram BNP Paribas Mutual Fund A/c Sundaram BNP Paribas Select Thematic FDs Capex Opportunities - Dividend | 151,000 | 3.1 |
| JF India Fund | 584,077 | 12 |
| JF Eastern Smaller Companies Fund | 191,117 | 3.9 |
| Nomura Mauritius Ltd | 251,938 | 5.2 |
| Total | 4,883,720 |
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