Ahead of IPO, Afcons Infra collects Rs 1,621 cr from anchor investors

Quick Summary:

Foreign and domestic institutions participated in the anchor book include HDFC Mutual Fund (MF), ICICI Prudential MF, BlackRock, Fidelity Investments, Goldman Sachs, HSBC Group, Nomura, Nippon India MF, Enam Holdings, Mirae MF, Quant MF, Invesco MF, Eastbridge, Amundi, Invesco HK and SBI General Insurance.

Shapoorji Pallonji Group's flagship infrastructure engineering and construction firm Afcons Infrastructure Ltd (AIL) on Thursday said it has mobilised Rs 1,621 crore from anchor investors, a day before its initial share sale opening for public subscription.

The company has allocated over 3.5 crore equity shares to 80 funds at Rs 463 apiece, which is also the upper end of the price band.

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Category: BusinessFinance

Markets: India

Topics: Afcons Infra IPO Shapoorji Pallonji Group Afcons Infra Anchor investors

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Article Type: News Report

Published On: 2024-10-24 @ 23:06:13 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

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News ID: 23228120

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