The company and existing shareholders are selling 21.36 million shares, according to information on the stock exchanges. As of 6pm, the IPO had received applications for 1.9 million shares, led by retail individual investors. The anchor book is that portion of an IPO which bankers allot to institutional investors on a discretionary basis. The firm sold a little more than 8.95 million shares to 10 anchor investors at Rs.219 apiece, the upper end of the Rs.214-219 price band. Retail individual investors, whose investments cannot exceed Rs.2 lakh in an IPO, applied for 17.5% of the 10.61 million shares on offer, stock exchange data showed.

Source: Mint August 01, 2016 12:59 UTC