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. No Name of the Anchor Investor No. of
equity
shares
allocated
% of anchor
investor
proportion
1 Abu Dhabi investment authority – jhelum 27873 0.92%
2 British Columbia investment management Corporation a/c emerging markets equity fund 31590 1.05%
3 Jpmorgan Indian investment trust plc a/c j p morgan Indian investment company (mauritius) limited 154498 5.11%
4 Japan trustee services bank ltd a/c jf india equity active open mother fund 27874 0.92%
5 Jf eastern smaller companies fund 37165 1.23%
6 Quantum (m) limited 267385 8.85%
7 Morgan Stanley India investment fund, inc 65484 2.17%
8 Morgan stanley growth fund 119284 3.95%
9 Morgan stanley a.c.e. fund 18661 0.62%
10 William blair international growth fund 73511 2.43%
11 William blair institutional international growth fund 23847 0.79%
12 William blair emerging markets growth fund 17995 0.60%
13 William blair international small cap growth fund 15347 0.51%
14 Goldman sachs India fund limited 75000 2.48%
15 Birla sun life trustee company pvt ltd a/c birla sun life equity fund 72568 2.40%
16 Birla sunlife trustee company private limited a/c India advantage (offshore) fund 72156 2.39%
17 Birla sunlife trustee company private limited a/c Birla sunlife midcap fund 72156 2.39%
18 Birla sun life trustee company pvt ltd nc birla sunlife basic industries fund 14427 0.48%
19 Birla sun life trustee company pvt ltd nc birla sunlife 95 fund 36078 1.19%
20 Cram funds India 75000 2.48%
21 Sundaram bnp paribas mutual fund – sundaram bnp paribas growth fund 25000 0.83%
22 Sundaram bnp paribas select thematic funds -financial services opportunities 30000 0.99%
23 Sundaram bnp paribas select thematic funds rural India 84500 2.80%
24 Sr global (mauritius) limited (class b – asia) 53500 1.77%
25 Sr phoenicia (mauritius) limited – (class a) phoenicia portfolio 21500 0.71%
26 Icici prudential life insurance company ltd 130700 4.32%
27 Smallcap world fund, inc 279000 9.23%
28 Fid funds (mauritius) limited 83700 2.77%
29 Fil trustee company private limited a/c fidelity equity fund 108178 3.58%
30 Fil trustee company private limited a/c fidelity India value fund 6853 0.23%
31 Fil trustee company private limited a/c fidelity India special situations fund 37226 1.23%
32 Fil trustee company private limited nc fidelity tax advantage fund 43043 1.42%
33 The Nomura trust and banking co., ltd as the trustee of nomura india stock mother fund 75000 2.48%
34 Morgan stanley mauritius company limited 200000 6.62%
35 Bnp paribas arbitrage 279000 9.23%
36 Reliance capital trustee co. ltd a/c reliance equity oppurtunities fund 267385 8.85%
Total 3,022,484 100.00%
Abhay N

Author : 

Abhay is the founder and managing editor of India Microfinance. He is passionate about microfinance, financial inclusion and social entrepreneurship in India.

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