New Delhi-based jewellery retailer PC Jeweller today alloted shares worth nearly Rs 91 crore to ten anchor investors ahead of its initial public offering (IPO) which will open on December 10.
The company alloted 6.7 million shares at Rs 135 a piece to anchor investors including Reliance Capital, Mirae Asset Global, Goldman Sachs, HSBC, Birla Sun Life and Tata AIG.
PC Jeweller is looking at selling a little over 45 million shares, which comprises 25.2% of its post issue paid-up share capital, through the IPO which will remain open till December 12.
Anchor investors can subscribed to up to 30% of the shares meant for the qualified institutional buyers (QIBs) category. The anchor book, which opens one day ahead of the issue, helps in creating demand for the IPO. Shares alloted to anchor investors have a 30-day lock-in.
The price band for the PC Jeweller IPO has been fixed in the range between Rs 125 and Rs 135 per share. At the top end of the price band, the company will raise nearly Rs 610 crore from the IPO.
