Tuesday, December 5, 2017

Shalby ropes in anchor investors, raises Rs 151 cr

Shalby has roped in 11 anchor investors. The company's IPO committee has finalised allocation of 60,70,150 equity shares to the anchor investors at Rs 248 apiece, at the upper price band of the offer. The IPO opens for subscription today.

FirstChoiceIPO has a avoid call on the offer.

At this price, the total amount works out to be Rs 150.54 crore.

Among the anchor investors are Goldman Sachs, Citigroup, Reliance Nippon Life Insurance Company, Nomura and SBI Life Insurance Company.

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