The portion reserved for retail investors was subscribed 0.15 times. While the Qualified Institutional Buyer (QIB) category was subscribed 0.59 times, the Non-Institutional Investor category was subscribed 0.11 times.
The IPO is a fresh issuance of equity shares of Rs 10 face value with price band fixed at Rs 483 – Rs 486 per share. The issue will close on Friday.
The developer has raised Rs 740 Cr through 14 anchor investors including 12 Foreign Portfolio Investors, including Capital Group, Nomura, Ivanhoe Cambridge, Wellington Asset Management, Abu Dhabi Investment Authority, Platinum Asset Management, Marshall Wace, Brookfield Asset Management, Segantii, York, Oxbow and Discovery. These investors were allocated around 1.45 crore shares for around Rs 705 crore.
Two domestic investors including one mutual including HDFC Mutual Fund and Premji Invest were allocated around 7.3 Lakh shares for around Rs 35.3 crore.
The developer currently has 36 ongoing projects comprising around 28.78 million sq ft developable area of which 23.57 million sq ft is in affordable and mid income housing segment. As on December end, the company had 3,803 acres with an estimated developable area of 322 million sq ft for future development in Dombivali, near Mumbai.
