Market News
3 min read | Updated on December 19, 2024, 09:31 IST
SUMMARY
Mamata Machinery raised ₹53.56 crore from anchor investors, including Authum Investment, Aarth AIF, Subhkam Ventures, Winro Commercial, Belgrave Investment Fund and Chartered Finance & Leasing.
Sanathan Textiles received ₹165 crore in the anchor round.
DAM Capital Advisors, Mamata Machinery, Transrail Lighting, Sanathan Textiles and Concord Enviro Systems collectively raised ₹866.11 crore from anchor investors ahead of opening their initial public offerings for subscriptions on Thursday, December 19.
The IPOs will conclude on Monday, December 23, and list on NSE and BSE on December 27.
As per the circular uploaded on the BSE website, veteran banker Dharmesh Anil Mehta-led company allotted 88.86 lakh equity shares to 33 funds at ₹283 a unit, the upper end of the price band.
The ₹838.91 IPO is a mix of new offering of shares worth ₹400 crore and an OFS of 1.01 crore share. The price band is ₹410-₹432 per share.
The Mumbai-based water and wastewater treatment solutions provider's IPO, with price band of ₹665 to ₹701 per share, consists of a fresh issue of shares worth ₹175 crore as well OFS of 46 lakh shares.
Sanathan Textiles received ₹165 crore in the anchor round. Investors such as Pinebridge Global Funds, Societe Generale, Edelweiss Trusteeship, SBI General Insurance, Whiteoak Capital, SBI MF, Nippon Life India, HDFC MF, Kotak Mahindra AMC and others picked 51.4 lakh shares.
The polyester and cotton yarn products manufacturer intends to raise ₹550 crore via a fresh issue of 1.25 crore shares and an OFS of ₹150 crore.
The ₹179.39 crore IPO is entirely an OFS of 74 lakh shares.
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