Repco Home allots shares to anchor investors at Rs 172 per share

MUMBAI: Repco Home Finance, a NHB-registered housing finance company, has allocated 23.31 lakh equity shares to anchor investors at Rs 172 per share aggregating to Rs 40.1 crore.

Some of the anchor investors include Goldman Sachs India Fund, Birla Sun Life Trustee Company, Reliance Capital Trustee Company, Nomura India Investment Fund, Citigroup Global Markets Mauritius, Sundaram Mutual Fund, ICICI Prudential Banking and Franklin Templeton Mutual Fund.

The company has entered the primary market today with a public issue of 15,720,262 equity shares of face value of Rs 10 each for cash at a price band fixed between Rs 165 and Rs 172 per share.

The issue closes on March 15, 2013 and is being made through the 100 per cent 'Book Building Process'.

ICRA has graded the IPO as "Grade 3/5" indicating average fundamentals in its letter dated December 18, 2012.

The equity shares have been proposed to be listed on the NSE and the BSE.

The BRLMs to the issue are SBI Capital Markets Limited, IDFC Capital and JM Financial Institutional Securities.