Whiteoak Capital, HDFC Bank among 24 anchor investors acquire Rs 48.2 crore shares in CapitalNumbers Infotech ahead of IPO

CapitalNumbers Infotech IPO

Software solutions provider CapitalNumbers Infotech has raised Rs 48.19 crore from institutional investors including Whiteoak Capital and HDFC Bank via anchor book on January 17, ahead of IPO launch for the public.

The Rs 169.37-crore maiden public issue will open for public subscription on January 20 and close on January 22. The share allotment will get finalised by the company by January 23, while the trading in CapitalNumbers Infotech shares will commence on the BSE SME effective January 27.

The IPO consists of fresh issuance and an offer-for-sale of 32.2 lakh equity shares worth Rs 84.69 crore each. Promoters Mukul Gupta, Vipul Gupta, and Herprit Gupta will be selling shareholders in the offer-for-sale.

"...has finalised allocation of 18,32,400 equity shares to anchor investors at a price of Rs 263 per equity share," CapitalNumbers Infotech said in its BSE filing.

Copthall Mauritius Investment - ODI Account (subsidiary of JP Morgan Holdings Hong Kong) was the largest investor in the anchor book, acquiring 2.66 lakh shares worth Rs 7 crore, while WhiteOak Capital through its three schemes invest Rs 5 crore for 1.9 lakh shares.

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"Out of the total allocation of 18.32 lakh shares to anchor investors, 1.9 lakh shares were allocated to 1 mutual fund which have applied through a total of 3 schemes," CapitalNumbers said.

HDFC Bank, Capri Global, Moneywise Financial Services, Aarth AIF, Swyom India Alpha Fund, Visionary Value Fund, Saint Capital Fund, Paradise Moon Investment Fund, Niveshaay Hedgehogs Fund, Finavenue Capital Trust and Leading Light Fund were other institutional investors, becoming shareholders in the company.

Incorporated in 2012, CapitalNumbers Infotech that provides digital consulting and IT engineering services intends to spend fresh issue proceeds for technical advancement of leading-edge technology, business developments, inorganic growth, investment in subsidiary, and general corporate purposes.

This is the biggest issue in terms of size in the current calendar year.

GYR Capital Advisors is acting as the merchant banker for the issue.