IPO: PC Jeweller receives Rs 91cr from 10 anchor investors
PC Jeweller has finalised the allocation of 67,16,250 equity shares to 10 anchor investors at upper end of price band of Rs 125-135 per share, aggregating to Rs 90.67 crore) out of the total Issue size of 4,51,33,500 equity shares of face value of Rs 10.
December 08, 2012 / 13:46 IST
PC Jeweller has finalised the allocation of 67,16,250 equity shares to 10 anchor investors at upper end of price band of Rs 125-135 per share, aggregating to Rs 90.67 crore) out of the total Issue size of 4,51,33,500 equity shares of face value of Rs 10.
The anchor investors include: DB International (Asia) Ltd and Reliance Capital Trustee Capital Company A/C Reliance Vision Fund allotted 14,81,490 equity shares (or 22.06 percent of the total anchor offering).DVI Fund Mauritius Ltd allotted 7,21,735 equity shares (or 10.75 percent of the total anchor offering); Stichting Pensioenfonds ABP 6,61,140 shares (9.84 percent) and Mirae Asset Global lnvestment Co Ltd A/C Mirae Asset lndia Bluechip Equity Master lnvestment Trust allotted 518,490 equity shares (or 7.72 percent of the total anchor offering).Also Read
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Goldman Sachs lndia Fund Ltd, HSBC Tax Saver Equity Fund, Tata AIA Life lnsurance Co Ltd A/C Whole Life Midcap Equity Fund and Birla Sunlife Trustee Company Private Limited A/C Birla Sunlife MidcaP Fund received 3,70,381 equity shares (or 5.51 percent of the total anchor offering) each.Mirae Asset lndia Opportunities Fund allotted 2,35,386 equity shares (or 1.5 percent of the total anchor offering) and Mirae Asset Emerging Bluechip Fund 1,34,995 equity shares (or 2 percent).The company is proposing an initial public offer (IPO) comprising of 4,51,33,500 equity shares of face value of Rs 10 each. The price band has been fixed between Rs 125 and Rs 135 per share. The issue which opens for subscription on Monday, December 10, 2012, will close on Wednesday, December 12, 2012 for all bidders.The issue comprises of a net issue of 4,47,75,000 equity shares by the company and a reservation of 3,58,500 shares for subscription by the eligible employees. The issue shall constitute 25.20 percent of the post issue paid-up equity share capital and the net issue shall constitute 25 percent of the post issue paid-up equity capital of the company. The minimum bid lot has been fixed at 90 equity shares and in multiples of 90 equity shares thereafter. Discount of Rs 5 to the issue price is being offered to retail individual bidders and eligible employees bidding in the employee reservation portion.The issue has been graded by Credit Analysis and Research Limited and CRISIL as grade 3, indicating average fundamentals.The book running lead managers to the Issue are SBI Capital Markets Limited and Kotak Mahindra Capital Company Limited. The co-book running lead manager to the issue is IDBI Capital Market Services Limited. The equity shares are proposed to be listed on the National Stock Exchange of India Limited and the BSE Limited.Also Read
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