Nexus Select Trust anchor book fully subscribed at ₹1,440 crore
Nexus Select Trust’s anchor book saw ₹1,440 crore being raised with 16 institutional investors participating at 45 percent of the IPO size was fully subscribed. The allocation was done at ₹100 per unit.
Around 80 per cent of the anchor bank was accounted by Indian financial institutions including mutual funds and insurance companies.
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Among the mutual funds, HDFC MF had the highest allocation of units at ₹280 crore, followed by IIFL AMC with ₹150 crore, ICICI Pru MF at ₹100 crore and SBI MF ₹100 crore. HDFC Life Insurance subscribed to units worth ₹175 crore, SBI Life ₹144 crore and Star Health ₹100 crore.
Other anchor investors included Prusik, Morgan Stanley and Tata Investment Corp.
Nexus Select Trust’s IPO will be open for subscription May 9-11 and the units will be listing on May 19.