Mumbai: HDB Financial Services has raised ₹3,369 crore from 141 anchor investors ahead of the opening of its ₹12,500 crore initial public offering (IPO) on June 25. The company allotted 45 million shares at upper price band of ₹740 apiece to these institutional investors. Anchors include LIC, ICICI Prudential Mutual Fund, SBI Mutual Fund, etc. … Read more
Ethanol and bio-based chemicals maker Godavari Biorefineries Ltd on Tuesday said it has raised over Rs 166 crore from anchor investors, a day before its initial share-sale opening for public subscription. Marquee investors who participated in the anchor book included HDFC Mutual Fund, Whiteoak Capital Fund, Goldman Sachs (Singapore) Pte Ltd, Societe General and SBI … Read more
Hyundai Motor India raised Rs 8,315 crore from 225 anchor investors ahead of the marquee IPO opening on Tuesday. The shares were allotted at Rs 1,960 per share, which is the upper end of the price band. In the anchor book, around 21 domestic mutual funds through a total of 83 schemes subscribed to the … Read more
Non-bank financial institution Northern Arc Capital on Friday said it has collected Rs 229 crore from anchor investors, days before the opening of its share-sale for public subscription. SBI General Insurance Company, SBI Life Insurance Company, Reliance General Insurance Company, Kotak Mahindra Life Insurance Company, Goldman Sachs (Singapore) Pte, Societe Generale, and Quant Mutual Fund … Read more
The initial public offering (IPO) of Tolins Tyres is set to open for public subscription on September 9 and will close on September 11. Ahead of the issue, the grey market premium (GMP) for Tolins Tyres is around Rs 29-30, suggesting a 13% premium over the issue price. The price band for the IPO has … Read more
Mumbai: The ₹1,025-crore initial public offering of Delhi-NCR-based SBFC Finance was subscribed 70.16 times on the final day of bidding on Monday. The issue received bids for 936.67 crore shares against the 13.35 crore shares on offer. The qualified institutional buyer portion was subscribed 193 times, while the non-institutional investor‘s portion was subscribed 49.09 times. … Read more
New Delhi: Financial services platform KFin Technologies has raised Rs 675 crore from anchor investors days before its initial share-sale. The company has decided to allocate over 1.84 crore equity shares to 44 funds at Rs 366 apiece, aggregating the transaction size to Rs 675 crore, according to a circular uploaded on BSE website on … Read more
MUMBAI: Hyderabad based precision engineering solutions company MTAR Technologies has raised Rs. 180 crores from 15 anchor investors ahead of its initial public offer (OFS) which will open for subscription on Wednesday. The company has allocated 31.11 lakh shares at Rs. 575 per share on March 2, to the anchor investors. The anchor book, according … Read more
MUMBAI: Indian Railway Finance Corporation (IRFC) has raised Rs 1,390 crore from 31 anchor investors ahead of its proposed initial public offer (IPO). About 53.46 crore equity shares were allotted to anchor investors on Friday at an upper price band of Rs 26 per share. For the first time, the state owned company has made … Read more
Mumbai: Angel Broking said on Monday it has raised a total of Rs 180 crore from 12 anchor investors ahead of its initial public offering (IPO) on Tuesday. The retail-focused stock broking company raised funds at Rs 306 per share by allotting 58,82,352 shares to investors, with domestic mutual funds grabbing a majority of shares … Read more