Nexus Select Trust’s anchor book raised ₹1,440 crore, with 16 institutional investors picking up 45 per cent stake. IPO The size was fully subscribed. The allotment was made at ₹ 100 per unit.
About 80 percent of Anchor Bank’s accounts were held by Indian financial institutions, including mutual funds and insurance companies.
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Among mutual funds, HDFC MF got the highest allotment of units of ₹280 crore, followed by IIFL AMC with ₹150 crore, ICICI Pru MF with ₹100 crore and SBI MF with ₹100 crore. HDFC Life Insurance Subscribed units worth ₹175 crore, SBI Life ₹144 crore and Star Health ₹100 crore.
Other anchor investors included Prusik, Morgan Stanley and Tata Investment Corp.
The IPO of Nexus Select Trust will be open for subscription on May 9-11 and the units will be listed on May 19.