Shalby Limited has finalized the allocation of 60,70,150 equity shares at Rs. 248 per equity share (upper end of the Price Band) aggregating to Rs. 150.54 crore to anchor investors.
The anchor investors include: GOLDMAN SACHS INDIA LIMITED – 967,740 equity shares (15.94% of total anchor book); CITIGROUP GLOBAL MARKETS MAURITIUS PRIVATE LIMITED – 504,060 equity shares (8.3%); AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS SMALL CAP FUND – 282,240 equity shares (4.65%); AXIS EQUITY ADVANTAGE FUND – SERIES 2 – 40,320 equity shares (0.664%); AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS MIDCAP FUND – 241,980 equity shares (3.99%); IIFL INDIA GROWTH FUND – 403,260 equity shares (6.64%); RELIANCE NIPPON LIFE INSURANCE CO LIMITED – 504,060 equity shares (8.3%); KOTAK FUNDS – INDIA MIDCAP FUND – 806,520 equity shares (13.29%); INDGROWTH CAPITAL FUND I – 408,600 equity shares (6.73%); HSBC GLOBAL INVESTMENT FUNDS – INDIAN EQUITY – 962,400 equity shares (15.86%); NOMURA SINGAPORE LIMITED – 303,790 equity shares (5%); AVENDUS ABSOLUTE RETURN FUND – 403,260 equity shares (6.64%); SBI LIFE INSURANCE CO. LTD – 241,920 equity shares (3.99%).
The Company proposes to open, an initial public offering of equity shares of face value of Rs. 10 each for cash at a Price including a share premium (the “Offer”) on Tuesday, December 5, 2017.
The Offer comprises comprising a fresh issue of Equity Shares aggregating up to Rs. 4,800 million and an Offer For Sale of up to 1,000,000 Equity Shares by Dr. Vikram Shah (the “Selling Shareholder”).
The Offer comprises a Net Offer to the Public of Equity Shares (the “Net Offer”) and a reservation of up to 121,000 Equity Shares for subscription by Eligible Employees. The Offer closes on Thursday, December 7, 2017.
The Price Band for the Offer is fixed from Rs. 245 to Rs. 248 per Equity Share.Bids can be made for a minimum lot of 60 Equity Shares and in multiples of 60 Equity Shares thereafter.
The Equity Shares to be offered through the Red Herring Prospectus dated November 24, 2017 are proposed to be listed on BSE and NSE.
The Book Running Lead Managers to the Offer are Edelweiss Financial Services Limited, IDFC Bank Limited and IIFL Holdings Limited.