eMudhra IPO: Anchor Placement details

The anchor issue of eMudhra Limited saw a robust response on 19th May 2022 and the announcement was made late on Thursday. The IPO opens on 20th May 2022 in the price band of Rs.243 to Rs.256 and shall remain open for 3 working days and close on 24th May 2022. Let us focus on the anchor allotment portion ahead of the IPO.

Before we go into the details of the actual anchor allotment, a quick word on the process of anchor placement. The anchor placement ahead of an IPO/FPO is different from a pre-IPO placement in that the anchor allocation has a lock-in period of just one month, although under the new rules, part of the anchor portion will be locked in for 3 months. It is just to give confidence to investors that the issue is backed by large established institutions. However, the anchor investors cannot be allotted shares at a discount.

Anchor placement story of eMudhra

On 19th May 2022, eMudhra Limited completed the bidding for its anchor allocation. There was a strong response as the anchor investors participated through the process of book building. A total of 48,37,336 (48.37 lakh shares approx.) shares were allotted to a total of 9 anchor investors comprising of 5 mutual fund schemes registered with SEBI and 4 foreign portfolio investors (FPIs) and others registered with SEBI. The allocation was done at the upper IPO price band of Rs.256 resulting in an overall anchor allocation of Rs.123.84 crore.

Listed below are the 9 anchor investors who have been allotted shares of eMudhra as part of the anchor allocation in the IPO. Out of the total anchor allocation of Rs.123.84 crore, the entire allocation was done to the 9 investors tabulated below.