Overview

• The anchor tranche comprised 1.87 crore shares at Rs 332 each allotted to 43 investors.
• Nine domestic mutual funds applied through 22 schemes and together took 52.39% of the anchor book, with the largest allocations to Goldman Sachs India Equity Portfolio and Prudential AHAPAG at 8.06% each, followed by Franklin India funds at 6.45% and UTI Value Fund at 4.62%.
• The three-day offer opens Aug 19 and closes Aug 21 in a Rs 315–332 price band with a minimum application lot of 45 shares, and the stock is slated to list on the BSE and NSE.
• The IPO targets up to Rs 2,079 crore, including a Rs 1,500-crore fresh issue and a promoter offer for sale of up to 1.745 crore shares worth about Rs 579 crore.
• Fresh proceeds include Rs 770 crore for VSL Green Power to build a 3,000 MW cell and 3,000 MW module facility in Tamil Nadu, plus Rs 595 crore to expand the site to 6,000 MW.