IPO-bound Unicommerce raises over Rs 124 Cr from anchor investors

Quick Summary:

According to the filings, SBI Mutual Fund, Morgan Stanley, ICICI Prudential Mutual Fund, HDFC Mutual Fund, Nippon Mutual Fund, and Kotak Mahindra Trustee have bought 12.96 (1,296,372) lakh equity shares worth Rs 14 crore (140,008,176) each.

IIFL Securities Limited and CLSA India Private Limited are serving as the book running lead managers for the issue.

The Snapdeal-backed startup's IPO will be available for subscription from August 6 until August 8.

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Article Details

Author / Journalist: Bhuvana Kamath

Category: StartupsEconomyBusiness

Markets: India

Topics: Policy Privacy Lakh Equity Shares Anchor Fund Unicommerce Mutual Investors Crore

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-05 @ 17:21:08 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 312 words

Reading Time: 2 minutes read

Sentences: 19 lines

Sentence Length: 17 words per sentence (average)

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Copyright Owner: © YourStory

News ID: 21939417

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