XYZ Ltd. is proposing to make a public issue of 400 crore equity shares through the book building mechanism where 50% of the issue size is required to be allotted to Qualified Institutional Buyers. Determine the quantum
CS Executive · Capital Markets & Securities Laws · PYQS · December 2017
XYZ Ltd. is proposing to make a public issue of 400 crore equity shares through the book building mechanism where 50% of the issue size is required to be allotted to Qualified Institutional Buyers. Determine the quantum reserved for domestic mutual funds in the anchor investor portion, if any.
Answer & Explanation:
(ii) Computation of the quantum reserved for domestic Mutual Funds in the anchor investor portion = One-third of the Anchor Investor portion = 40 crore equity shares.
Topics: Public Issue and Book Building
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