The transactions followed a flat market entry where the stock opened at Rs 1,675.50 on the NSE before institutional buying propelled it to close at Rs 1,727.80. The entire Rs 1,200 crore public offering was an offer for sale by Edelweiss Securities & Investments, leaving the company with no direct capital proceeds. The issue had drawn solid overall demand, concluding with a 5.51 times overall subscription rate supported heavily by institutional bidders.
Key points
Institutional bulk buying provided critical price support after the stock debuted with an…: Institutional bulk buying provided critical price support after the stock debuted with an initial premium below 1%.
The entire Rs 1,200 crore raised through the public offering went directly to Edelweiss S…: The entire Rs 1,200 crore raised through the public offering went directly to Edelweiss Securities & Investments rather than the company.
Substantial post-listing purchases occurred in a narrow price band between Rs 1,679.75 an…: Substantial post-listing purchases occurred in a narrow price band between Rs 1,679.75 and Rs 1,691.80 per share.
Sources checked by our analysis pipeline: 1
The three entities cumulatively purchased 18.78 lakh shares of the company, according to NSE bulk deal data.
HDFC Mutual Fund was the largest buyer, acquiring 8,06,167 shares at a weighted average price of Rs 1,679.75 apiece. The transaction was valued at approximately Rs 135.4 crore.
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Carnelian Asset Management & Advisors purchased 7 lakh shares at an average price of Rs 1,691.80, translating into a deal value of around Rs 118.4 crore.
Larsen & Toubro, meanwhile, bought 3,71,811 shares at a weighted average price of Rs 1,682.32. The transaction amounted to approximately Rs 62.5 crore.
Together, the three buyers acquired shares worth nearly Rs 316.3 crore, making EAAA India Alternatives one of the notable stocks in Monday's bulk deal activity.
Earlier today, EAAA India Alternatives made a muted debut on the stock exchanges, listing at Rs 1,675.50 on the NSE and Rs 1,673 on the BSE, against its IPO issue price of Rs 1,665. The listing premium was less than 1%.
However, the stock gained ground during the trading session and settled at Rs…
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