Ahead of IPO, Standard Glass raises Rs 123 crore from anchor investors
ICICI Prudential Mutual Fund (MF), Kotak MF, Tata MF, Motilal Oswal MF, 3P Investment Managers, Kotak Infinity Fund — Class AC, ITI MF, Massachusetts Institute of Technology, Amansa Holdings, and Clarus Capital were anchor investors, according to a circular uploaded on BSE website.
According to the circular, Standard Glass Lining Technology Ltd has allotted 87.86 lakh shares to 10 entities at Rs 140 per equity share, which is also the upper end of the price band. This aggregates the transaction size to Rs 123.01 crore.
The issue, with a price band of Rs 133-140 per share, will conclude on January 8.
The Rs 410.05 crore public issue is a combination of fresh issuance of equity shares worth Rs 210 crore and an offer for sale (OFS) of up to 1.43 crore shares by promoters and other selling shareholders, according to the red herring prospectus (RHP).
S2 Engineering Services, Kandula Ramakrishna, Kandula Krishna Veni, Nageswara Rao Kandula, Standard Holdings, Katragadda Venkata Ramani, and Venkata Siva Prasad Katragadda are among shareholders selling shares through the OFS route.
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