March 13, 2013 / 11:14 IST
Repco Home Finance, a professionally managed and NHB-registered housing finance company promoted by Government of India enterprise Repco Bank Limited, has allocated 23,31,039 equity shares at an anchor investor allocation price of Rs 172 per share (upper end of the price band) aggregating to Rs 40.1 crore.
Repco Home Finance allotted 2,91,380 shares (12.5 percent of the total anchor investor portion) to Goldman Sachs India Fund, 72,845 shares (3.13 percent) to Birla Sun Life Trustee Company A/C Birla Sun Life Small & Midcap Fund and 80,137 shares (3.44 percent) to Birla Sun Life Trustee Company A/C Birla Sun Life India GenNext Fund.
It allotted 58,261 shares (2.50 percent of the total anchor investor portion) to Birla Sun Life Trustee Company A/C Birla Sun Life MIP, 80,137 shares (3.44 percent) to Birla Sun Life Trustee Company A/C Birla Sun Life Midcap Fund and 2,91,380 shares (12.50 percent) to Reliance Capital Trustee A/C Reliance Banking Fund.
Repco allotted 2,91,380 shares to Nomura India Investment Fund Mother Fund and 2,91,379 shares to Citigroup Global Markets Mauritius Private Limited.
The company allocated 1,45,690 shares (6.25 percent) each to Sundaram Mutual Fund A/C Sundaram Select Thematic Funds – Financial Services Opportunities and Sundaram Mutual Fund A/C Sundaram Equity Multiplier.
It allotted 2,91,379 shares to ICICI Prudential Banking and Financial Services Fund and 2,91,380 shares to Franklin Templeton Mutual Fund A/C Franklin India Prima Fund.
The company's public issue of 1,57,20,262 shares of face value of Rs 10 each opened for subscription on Wednesday. The price band is fixed at Rs 165-172 per share.
Bids can be made for a minimum of 75 equity shares and in multiples of 75 shares thereafter. The issue will close on March 15, 2013.
The issue includes a reservation of 1.8 lakh shares for subscription by eligible employees. The company decided to offer a discount of Rs 16 on the issue price to eligible employees.
The issue shall constitute 25.29 percent and the net issue (issue less the employee reservation portion) shall constitute 25 percent of the post issue paid-up capital of the company, respectively.
The rating agency ICRA assigned grade 3/5 to the IPO, indicating average fundamentals. The equity shares are proposed to be listed on the NSE and the BSE.
The BRLMs to the issue are SBI Capital Markets Limited, IDFC Capital Limited and JM Financial Institutional Securities Private Limited.
