Neel Ltd. proposes to make a public issue of 800 crore equity shares of ₹ 10 each through book building mechanism, where 50% of the issue size is required to be allotted to Qualified Institutional Buyers.Determine:Quantu
CS Professional · Corporate Funding & Listings in Stock Exchanges · PYQS · June 2025
Neel Ltd. proposes to make a public issue of 800 crore equity shares of ₹ 10 each through book building mechanism, where 50% of the issue size is required to be allotted to Qualified Institutional Buyers.Determine:Quantum of shares reserved for domestic mutual funds in the anchor investor portion;
Answer & Explanation:
Quantum of Shares reserved for domestic Mutual Funds in the portion of Anchor Investors One-third of the anchor investor portion shall be reserved for domestic mutual funds. One third of Anchor Investor portion, i.e 1/3 x 240 crore equity shares = 80 crore equity shares
Topics: Corporate Funding & Listings
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