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Nov 01, 2017 09:30 PM IST | Source: Moneycontrol.com

Khadim India raises Rs 157.5 crore from 13 anchor investors

The company has sold shares to institutional investors as part of its anchor book allocation

Khadim India has allocated shares worth Rs 157.5 crore to 13 anchor investors at the upper end of the Rs 745 - 750 price band set for the IPO.

The company has sold shares to institutional investors as part of its anchor book allocation. The anchor investors include Franklin India, UTI Mutual Fund, HSBC Global Investment Fund, Nomura Singapore, Sundaram Mutual Fund, Aurigin Master Fund, Principal Mutual Fund, Forefront Alternative Investment Trust, Birla Sunlife Insurance and IDFC Mutual Fund.

Also read: Khadim India IPO to open November 2: Here are 10 things to know before investing

The company’s initial public offering (IPO) opens on November 2 and closes on November 6. Axis Capital and IDFC Bank are the book running lead managers to the offer.

The IPO comprises of fresh issue of aggregating up to Rs 50 crore and an offer for sale of up to 65,74,093 equity shares. Equity shares are proposed to be listed on the National Stock Exchange of India and BSE.
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