HDFC MF and L&T participate in EAAA India bulk deals
Three entities purchased 18.78 lakh shares worth approximately Rs 316 crore on the company's listing day.
HDFC Mutual Fund, Carnelian Asset Management & Advisors, and Larsen & Toubro (L&T) carried out bulk deals worth around Rs 316 crore for EAAA India Alternatives on Monday, November 2. The alternative investment platform made its debut on domestic stock exchanges that day, according to The Economic Times.
NSE bulk deal data shows the three buyers collectively took 18.78 lakh shares. HDFC Mutual Fund led the group by taking 8,06,167 shares at an average price of Rs 1,679.75, a transaction valued at about Rs 135.4 crore.
Carnelian Asset Management & Advisors bought 7 lakh shares for roughly Rs 118.4 crore at an average of Rs 1,691.80 per share. L&T acquired 3,71,811 shares at a weighted average of Rs 1,682.32, totaling approximately Rs 62.5 crore.
The company's stock listed on the NSE at Rs 1,675.50 and on the BSE at Rs 1,673, representing a premium of less than 1 per cent over the IPO price of Rs 1,665. The NSE stock later closed at Rs 1,727.80, up 3.8 per cent from the issue price.
The Rs 1,200 crore IPO was an offer for sale of 72.07 lakh equity shares by Edelweiss Securities & Investments Pvt. The issue was subscribed 5.51 times, with the qualified institutional buyer category seeing 13.80 times subscription.