Bharti Hexacom IPO: Bharti Airtel's subsidiary company raises ₹1,924 crore from anchor investors ahead of IPO

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₹1,923.75 crore from anchor investors ahead of its initial public offerings (IPO). According to the exchange filing, the company allocated 3,37,50,000 shares to anchor investors at a price of ₹565 per equity share.

Also read: Bharti Hexacom IPO to open tomorrow; here are 5 factors to consider before investing "The Board of Directors of the Company in its meeting held on April 02, 2024, in consultation with SBI Capital Markets Limited, Axis Capital Limited, BOB tapital Markets Limited, ICICI Securities Limited and IIFL Securities Limited (collectively, the "Book Running Lead Managers"), have finalized allocation of 3,37,50,000 Equity Shares to Anchor Investors at Anchor Investor Allocation Price of Rs. 570/- per Equity Share (including share premium of Rs.

565/- per Equity Share)," the company said in the filing. The anchor round saw participation of over 97 companies, including Capital Group Asian Horizon Fund, Fidelity Funds, SBI Technology, ICICI Prudential, HDFC Mutual Fund, Abu Dhabi Investment Authority, Aditya Birla Sun Life, Axis Mutual Fund Trustee, Kotak Mahindra Trustee, Nipon Life, Morgan Stanley, Tata Mid Cap, White Oak Capital, Motilal Oswal and many more.

Also read: Bharti Hexacom IPO: Company explains the reason for reducing the issue size The company further said, “ Out of the total allocation of 3,37,50,000 Equity Shares to the Anchor Investors, 1,38,77,630 Equity Shares (i.e. 41.12% of the total allocation to Anchor Investors) were allocated to 22 domestic mutual funds through a total of 55 schemes." SBI Contra, ICICI Prudential, Aditya Birla Sun Life, Axis Mutual Fund Trustee, Kotak Infrastructure, Edelweiss Trusteeship, LIC MF Large and Midcap fund were among the participants in the domestic mutual