On Monday, the bank’s Listing Committee of the board of directors had finalized an allocation of 42,327,271 equity shares to its anchor investors, in consultation with the promoter selling shareholder and the IPO’s lead managers.
Out of the total allocation of 4.23 crore equity shares, about 50.8% (i.e) 2.15 crore equity shares were allocated to six domestic mutual funds through a total of 27 schemes.
The highest anchor investor portion of 8.95% (37 lakh equity shares each) was held by ITPL — Invesco India Contra Fund Reg —RCF, Franklin India Smaller Companies Fund, Mirae Asset Large Cap Fund, IIFL Special Opportunities Fund – Series 4.
And two other insurance companies ICICI Prudential Life Insurance Company Ltd and SBI Life Insurance Co. Ltd at the same volume of shares. The price band for the issue is fixed at Rs 32-Rs 33 per share.