Microfinance

SKS Microfinance IPO – 36 Anchor investors get shares at Rs 985

In a release to the Bombay Stock Exchange, SKS Microfinance has informed the exchange that the IPO Committee of the Board of Directors of the Company in consultation with book running lead managers has finalized the allocation of 3,022,484 Equity Shares, in the aggregate, to the Anchor Investors at a price of Rs. 985 per Equity Share (including share premium of Rs. 975 per Equity Share).

Anchor Investors are a new category of Investors introduced by SEBI for IPO’s.The minimum size of application for anchor investors is Rs 10 crore; and their margin payable on application is 25 per cent and the balance 75 per cent needs to be paid within 2 days of the date of closure of the public issue.sks microfinanceanchor

There is also a 30-day lock-in period on the investment, as per SEBI Guidelines.If the issue Price discovered through the book building is higher than the price at which Anchor Investors have been allocated Equity Shares then Anchor Investors are required to bring in an additional amount.

Market analysts feel that the anchor investor would provide a safety net for IPOs in adverse market conditions. With anchor investors stepping into SKS Microfinance’s IPO, retail investors would feel more secure and comfortable in subscribing to this public issue.

Quantum Fund, Reliance Capital, BNP Paribas along with Smallcap World Fund have received the highest allotments and together hold about 40% of the total shares allotted to anchor investors.

List of Anchor Investors in SKS Microfinance IPO and No. of equity shares allocated to them.

Sl. NoName of the Anchor InvestorNo. of
equity
shares
allocated
% of anchor
investor
proportion
1Abu Dhabi investment authority – jhelum278730.92%
2British Columbia investment management Corporation a/c emerging markets equity fund315901.05%
3Jpmorgan Indian investment trust plc a/c j p morgan Indian investment company (mauritius) limited1544985.11%
4Japan trustee services bank ltd a/c jf india equity active open mother fund278740.92%
5Jf eastern smaller companies fund371651.23%
6Quantum (m) limited2673858.85%
7Morgan Stanley India investment fund, inc654842.17%
8Morgan stanley growth fund1192843.95%
9Morgan stanley a.c.e. fund186610.62%
10William blair international growth fund735112.43%
11William blair institutional international growth fund238470.79%
12William blair emerging markets growth fund179950.60%
13William blair international small cap growth fund153470.51%
14Goldman sachs India fund limited750002.48%
15Birla sun life trustee company pvt ltd a/c birla sun life equity fund725682.40%
16Birla sunlife trustee company private limited a/c India advantage (offshore) fund721562.39%
17Birla sunlife trustee company private limited a/c Birla sunlife midcap fund721562.39%
18Birla sun life trustee company pvt ltd nc birla sunlife basic industries fund144270.48%
19Birla sun life trustee company pvt ltd nc birla sunlife 95 fund360781.19%
20Cram funds India750002.48%
21Sundaram bnp paribas mutual fund – sundaram bnp paribas growth fund250000.83%
22Sundaram bnp paribas select thematic funds -financial services opportunities300000.99%
23Sundaram bnp paribas select thematic funds rural India845002.80%
24Sr global (mauritius) limited (class b – asia)535001.77%
25Sr phoenicia (mauritius) limited – (class a) phoenicia portfolio215000.71%
26Icici prudential life insurance company ltd1307004.32%
27Smallcap world fund, inc2790009.23%
28Fid funds (mauritius) limited837002.77%
29Fil trustee company private limited a/c fidelity equity fund1081783.58%
30Fil trustee company private limited a/c fidelity India value fund68530.23%
31Fil trustee company private limited a/c fidelity India special situations fund372261.23%
32Fil trustee company private limited nc fidelity tax advantage fund430431.42%
33The Nomura trust and banking co., ltd as the trustee of nomura india stock mother fund750002.48%
34Morgan stanley mauritius company limited2000006.62%
35Bnp paribas arbitrage2790009.23%
36Reliance capital trustee co. ltd a/c reliance equity oppurtunities fund2673858.85%
Total3,022,484100.00%
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