HDFC Bank purchased 66,400 shares at Rs 152 apiece which represented 3.73% from the total quota reserved for anchor investors.
The company’s board of directors at a meeting held today finalised allocation of 17.80 lakh equity shares to anchor investors in consultation with the Book Running Lead Managers (BRLMs) to the issue.
Bacon Stone Capital VCC-Beacon Stone I cornered the largest pie of the quota at 10.07% or 1,79,200 equity shares. The total deal size is Rs 2.72 crore. Negen Undiscovered Value Fund and YR Investment Opportunities Fund were the next biggest allottee at 7.37% (1,31,200 equity shares).
Others who were allocated the shares include Mint Focused Growth Fund PCC-CELL-1, Moneywise Financial Services Pvt. Ltd. MFSPL, SANTOSH INDUSTRIES Nexus Equity Growth Fund-Nexus Equity Growth Fund SCH-1 and Meru Investment Fund PCC-CELL 1.
JD Cables IPO
JD Cables IPO is a book build issue where the company plans to raise Rs 69 crores by offering 45,35,200 equity shares. The company has set the issue price band at Rs 144-152. The minimum bid quantity is 1,600 shares.
JD Cables IPO lead managers
The book running lead manager (BRLM) is GYR Capital Advisors Private Limited while the registrar to the issue is Link Intime India Private Limited. ICICI Bank Limited is the sponsor bank.The issue will close on September 22.
About JD Cables
The company was incorporated in 2015 and is engaged in the manufacturing of cables and conductors that cater to the power transmission and distribution sector. JD Cables’s product portfolio includes power cables, control cables, aerial bunched cables, single-core service wires and a wide range of conductors such as All Aluminium Conductor (AAC), All Aluminium Alloy Conductor (AAAC), and Aluminium Conductor Steel Reinforced (ACSR). These products are extensively used for efficient and reliable transmission and distribution of electricity.
JD Cables IPO GMP
JD Cables shares were commanding a grey market premium (GMP) of Rs 30 per share which is a 20% premium over the issue price. The company’s shares are expected to get listed at Rs 182.
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