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by 5paisa Research Team 17/11/2021

In a meeting held by the Go Fashion IPO committee on November 16, the company has finalized an allocation of 66,10,492 equity shares to Anchor Investors at a price of Rs.690 per share. Go Fashion allocated these shares to 33 anchor investors and the grand total or the transaction size amounted to Rs.456.12 crore, according to the company’s anchor allocation intimation that was released.

Anchor investors are institutional investors that buy equity shares in a company, ahead of the IPO subscription, to increase the goodwill regarding the upcoming IPO, for example- sovereign wealth funds and mutual funds. If the list of anchor investors is attractive, it lures more investors to subscribe to the IPO.

Few of the major anchor investors for Go Fashion are as follows:

Sr. no

Name of the Anchor Investor

Equity shares allocated

Total amount at Anchor investor allocation price (Rs.)

% of Anchor Investor portion

1

Government of Singapore

8,52,432

58,81,78,080

12.90%

2

The NOMURA Trust and Banking Co. Ltd

5,07,234

34,99,91,460

7.67%

3

Abu Dhabi Investment Authority- Behave

4,34,736

29,99,86,470

6.58%

4

Fidelity Investment Trust Fidelity International Discovery Fund

4,34,736

29,99,86,470

6.58%

5

Neuberger Berman Emerging Markets Equity Master Fund L.P.

4,34,736

29,99,86,470

6.58%

6

SBI Contra Fund

3,33,333

22,99,99,770

5.04%

7

Fidelity Funds- Global Consumer Industries Pool

2,86,335

19,75,71,150

4.33%

8

Monetary Authority of Singapore

1,62,057

11,18,19,330

2.45%

9

HDFC Trustee Co. Ltd. A/C HDFC Dividend Yield Fund

4,34,736

29,99,86,470

6.58%

10

Ashoka India Equity Investment Trust PLC

2,16,888

14,96,52,720

3.28%

 

Domestic investors include- ICICI Prudential, Axis mutual fund, Aditya Birla Sun Life and Kotak mutual fund etc.

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