Precision Camshafts Ltd has allotted 66.16 lakh shares to six anchor investors ahead of its initial public offer that opens for subscription on Wednesday. The shares have been allotted at a price of Rs 186 per share aggregating to approximately Rs 123 crore.
According to a statement issued by the company, the list of investors that were allotted shares include SBI Mutual Fund, HDFC Mutual Fund, ICICI Prudential Mutual Fund, IDFC Mutual Fund, Birla Sunlife Mutual Fund, and Canara Robeco Mutual Fund.
SBI MF and IDFC MF were allotted the maximum number of shares – 17.74 lakh shares each — among the anchor portion. The allocation made to each of the two fund houses represents 26.8 per cent of the overall anchor portion.
377. Eagleye| Link| Bookmark|
January 29, 2016 10:35:03 AM
IPO Guru (6600+ Posts, 22000+ Likes)
Superb Momentum by Retail participants ... looks like the PCL IPO will sail thru ... Without depending on NII or QIBs ... Just by RII subscription ... Witnessing history in the making ... Power of the common man :)
Buoyed by after getting decent profits from indigo,alkem,dr lal,NH.....Retail investors expecting another bunch of profits but operators hammering may spoils there dreams.....
Should we bid at 180 for PCL, what are disadvantages and advantages in bidding other than cut-off? Anyone can please explain?
376.1. PSR| Link| Bookmark|
January 29, 2016 10:42:08 AM
IPO Guru (1300+ Posts, 700+ Likes)
If the issue price determined is more than Rs. 180, you will not get any allotment. To be specific, even if the price determined is Rs. 180.01 you not get allotment.