Real estate developer Signature Global (India) has raised Rs 318.5 crore via anchor book on September 18, a day prior to the issue opening.
In its filing to exchanges, the company said in consultation with merchant bankers, it has finalised allocation of 82,72,700 equity shares to anchor investors at Rs 385 per share.
Total 19 investors invested in the company including global names like Nomura Trust, Eastspring Investments, Lion Global Investment Funds, Troo Capital, Segantii India Mauritius, Morgan Stanley, BNP Paribas Arbitrage - ODI, Goldman Sachs and Copthall Mauritius Investments in the anchor book.
Domestic investors namely Kotak Mahindra Trustee, Quant Mutual Fund, Nippon India, Bandhan Mutual Fund, and Max Life Insurance Company also participated in the anchor book.
"Out of the total allocation of 82,72,700 shares, 24,67,530 shares were allocated to three domestic mutual funds through a total five schemes," Signature Global said.
The Rs 730-crore maiden public issue will be opening for subscription on September 20 and the final day for bidding in the issue will be September 22.
The price band for the offer has been set at Rs 366-385 per share.
Also read: IPO-bound Signature Global aims to be among top-5 real estate players
The IPO comprises a fresh issuance of shares worth Rs 603 crore by the company and an offer-for-sale (OFS) of Rs 127 crore by the International Finance Corporation (IFC).
The Delhi NCR-based affordable housing company will make use of net fresh issue proceeds for repaying debts amounting to Rs 432 crore. And the remaining funds will be used for inorganic growth through land acquisitions and general corporate purposes.
Also read: Sai Silks Kalamandir mops up Rs 360 crore via anchor book, ahead of IPO
The outstanding loans on the company's books were Rs 495.26 crore and its four subsidiaries at Rs 123.86 crore as of June 2023.
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