New Delhi: Information and communications expertise merchandise distributor Rashi Peripherals on Tuesday mobilised Rs 180 crore from anchor traders forward of its preliminary public providing.
The firm has allotted 57.88 lakh fairness shares to 18 funds at Rs 311 apiece, which can also be the higher finish of the value band, based on a round uploaded on BSE’s web site.
Foreign and home establishments who participated within the anchor bidding had been White Oak Capital, Ashoka India, ICICI Prudential Mutual Fund, Volrado Venture Partners Fund and Bajaj Alliance Life Insurance Company.
Aditya Birla Sun Life Insurance Company, SBI General Insurance Company, Singularity Growth Opportunity Fund and Authum Investment and Infrastructure Ltd additionally participated within the bidding spherical.
Out of the whole allocation of 57.88 lakh fairness shares, 19.61 lakh fairness shares had been allotted to 3 home mutual funds by way of a complete of 8 schemes amounting to Rs 61 crore.
The IPO is totally a contemporary challenge of fairness shares to the tune of Rs 600 crore.
The challenge, with a worth band of Rs 295-311 apiece, might be open for public subscription on February 7 and conclude on February 9.
Of the IPO proceeds, funds value Rs 326 crore might be utilised for fee of debt and Rs 220 crore for funding working capital necessities and normal company functions.
Last month, Rashi Peripherals raised Rs 150 crore from institutional traders in a pre-IPO funding spherical.
JM Financial and ICICI Securities are the book-running lead managers to the supply. The fairness shares are proposed to be listed on BSE and NSE.
Source: zeenews.india.com
