The Sajjan Jindal-owned JSW Infrastructure Limited announced on 22 September that it had raised ₹ 1,260 crore through 65 anchor investors, one day prior to the opening of its initial public offering (IPO) subscription bids.
As per the regulatory statement, other investors like the Government of Singapore, Monetary Authority of Singapore, Morgan Stanley, Fullerton, HSBC Trustee, TA Global, The Master Trust Bank of Japan, Cohesion MK Best Ideas, Goldman Sachs, Theleme India Master Fund, BNP Paribas Arbitrage - ODI, and Principal Global invested in the diversified maritime ports company via anchor book.
What is an anchor in an IPO?
An anchor investor is a buyer who purchases a significant number of shares in a company at a fixed price before its initial public offering (IPO).
The Government of Singapore, Theleme India, and Shamyak Investment each got 5.56%, 6.35%, and 6.35%, respectively. Eleven domestic mutual funds applied for 28 different schemes, according to the company's exchange filing. Together, they got almost 40%, with SBI Mutual Fund getting 6.35% through 4 of its schemes, ICICU Prudential getting 6.36%, and Shamyak getting 6.35%.
As per BQ Prime, JSW Infrastructure's Initial Public Offering (IPO) will be launched on September 25. The company aims to raise up to 2,800 crore rupees through a fresh issue. The fresh issue will consist of 23,53 crore equity shares with a price band of Rs 113 to 119 per share.
© Copyright 2023. All Rights Reserved Powered by Vygr Media.
