RailTel (RailTel Corporation of India), the largest neutral telecom infrastructure provider in the country has raised Rs. 244 crore from 14 anchor investors before its IPO. On 15th February, the RailTel informed that it has allocated 2, 59, 57, 446 shares at Rs. 94/share to the anchor investors.
Five foreign investors who participated in the anchor were Aurigin Capital via its Aurigin Master Fund and Utilico Emerging Markets Trust, Reliance Capital managed, Cohesion MK Best Ideas Sub-Trust, Singapore based Integrated Core Strategies Asia, and Goldman Sachs India.
HDFC Life Insurance picked up the largest allocation of 14.34% for Rs. 35 crores, Nippon Life MF picked up 12.29% for Rs. 29.99 crores. The domestic institutions who were allocated shares- ICICI Prudential MF across 4 schemes, HDFC MF across 4 schemes; IIFL Mutual Fund via its Focused Equity Fund, Tata Mutual Fund via its Digital India Fund, and Edelweiss Mutual Fund across 4 schemes. Edelweiss AIF participated via its Crossover Opportunities Fund Series II.
ICICI Securities Limited, IDBI Capital Markets & Securities Limited, and SBI Capital Markets Limited are appointed as the BRLMs (Book Running Lead Manager) to the offer.
Investors listed by Free Press Journal-
HDFC Life Insurance: It picked up a 14.34 % allocation for Rs 34.99 crore.
Nippon Life MF: It picked up 12.29 % from the allocation amounting to Rs 29.99 crore.
Goldman Sachs India: It has picked a 12.29 % allocation amounting to Rs 29.99 crore.
ICICI Prudential MF: Four schemes under ICICI Prudential MF have picked up a total of 12.28 % for Rs 29.96 crore. Each scheme has picked up 3.07 % from the allocation for Rs 7.49 crore.
HDFC MF: Four schemes under HDFC MF have picked a total of 12. 3 % from the allocation for Rs 29.98 crore.
Aditya Birla Sun Life Insurance: It has picked an 8.20 % allocation amounting to Rs 19.99 crore.
IIFL Mutual Fund via its Focused Equity Fund: It invested Rs 14.99 crore for 6.15 % shares from the allocation.
Tata Mutual Fund via its Digital India Fund: It invested Rs 11.99 crore for 4.92 % shares or 12.76 lakh shares from the allocation.
Utilico Emerging Markets Trust: It invested Rs 11.99 crore for 4.92 % shares or 12.76 lakh shares from the allocation.
Cohesion MK Best Ideas Sub-Trust: It picked 10.63 lakh shares for Rs 9.99 crore.
Edelweiss AIF via its Crossover Opportunities Fund Series II: Rs 5 crore is allocated for 2.05 % shares from the allocation.
Integrated Core Strategies Asia and Aurigin Master Fund: Both had allocated a sum of Rs 5 crore each for a share of 2.05 %.
Edelweiss Mutual Fund: Through its four schemes, it has picked an allocation worth Rs 4.99 crore.