Foreign portfolio investors who participated were UK based Aurigin Capital via its Aurigin Master Fund and Utilico Emerging Markets Trust, Reliance Capital managed Cohesion MK Best Ideas Sub-Trust, Singapore based, Integrated Core Strategies Asia and Goldman Sachs India.
Amongst the domestic investors, HDFC Life Insurance picked up the largest allocation of 14.34 per cent for Rs 34.99 crore , followed by Nippon Life MF, which picked up 12.29 per cent amounting to Rs 29.99 crore.
Other domestic institutions that were allocated shares were ICICI Prudential MF across four schemes; HDFC MF across four schemes; IIFL Mutual Fund via its Focused Equity Fund, Tata Mutual Fund via its Digital India Fund and Edelweiss Mutual Fund across four schemes.
Top 9 anchor subscribers to the issue
ETMarkets.comThe AIF who participated in the anchor bidding was Edelweiss AIF via its Crossover Opportunities Fund Series II
The bidding for the issue began at 10 am on Tuesday.
Key brokerage houses like Angel Broking, Reliance Securities, Choice Broking and Hem Securities have recommended investing in the public issue citing the strategic relationship and role the company will play in digital transformation of the Indian Railways, its return ratios being better compared to other telecom players in india, industry dynamics, ability to monetize its existing assets, strong and stable financial position and long term prospects
ICICI Securities Limited, IDBI Capital Markets & Securities Limited and SBI Capital Markets Limited are appointed as the BRLMs to the offer.
