Ahead of IPO, Indo Farm Equipment collects Rs 78 crore from anchor investors
anchor investors, a day before its initial share sale opening for public subscription. Negen Undiscovered Value Fund, Niveshaay Hedgehogs, Rajasthan Global Securities, Subham Capital, India Equity Fund I, Saint Capital Fund and Vikasa India EIF I Fund — Share Class P, among others, were anchor investors, according to a circular uploaded on BSE's website.
According to a circular, Indo Farm Equipment has allotted 36.30 lakh shares to 11 entities at Rs 215 per equity share, which is also the upper end of the price band.
This aggregates the transaction size to Rs 78.04 crore.
The issue, with a price band of Rs 204-215 per share for its initial share sale, will open for public subscription on December 31 and conclude on January 2.
The Rs 260-crore initial public offering (IPO) comprises a fresh issue of 86 lakh equity shares and an offer for sale (OFS) of 35 lakh equity shares by promoter Ranbir Singh Khadwalia.
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