Markets

Anchor investors participate in SME IPO for the first time

MUMBAI: Anchor portion of Thane based business process management company, One Point One Solutions on EMERGE Platform of National Stock Exchange was subscribed by HSBC Midcap Equity Fund and Yes Bank on Tuesday. This is the first time anchor portion was provided for and subscribed in any SME IPO.

The company has proposed IPO of 66,24,000 equity shares of which 18,82,000 equity shares are reserved for Anchor Investors. IPO will open on Wednesday December 13 and closes on Friday December 15. Small platform started by Exchanges to encourage small and medium size companies have today become a parallel exchange with a market capitalisation of whopping Rs. 30,000 crore.

Pantomath Capital Advisors is a Book Running Lead Manager to the Issue.

The Issue will constitute around 39.62% of the post issue paid up equity share capital of the company. Total 31,38,000 equity shares (including anchor portion) representing 49.94% of the net issue to public is reserved for QIBs and 9,44,000 equity shares representing 15.02% is reserved for high networth individuals (HNI) category and balance 22,02,000 equity shares representing 35.04% of the net issue to public is reserved for retail investors category.

The proceeds from the fresh issues are proposed to be utilised towards repayment of debt, working capital and general corporate purposes.

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