Go Digit IPO: Virat-Anushka backed insurer garners ₹1,176 crore from anchor investors ahead of IPO
₹1,176.59 crore from anchor investors a day before its initial public offerings (IPO) opens for subscription. According to the exchange filing, the company allocated 4,32,57,009 equity shares to anchor investors at a price of ₹272 per share.
“The Board of Directors of the Company at its meeting held on Tuesday, May 14, 2024, in consultation with the ICICI Securities Limited, Morgan Stanley India Company Private Limited, Axis Capital Limited, HDFC Bank Limited, IIFL Securities Limited and Nuvama Wealth Management Limited (formerly known as Edelweiss Securities Limited) as Book Running Lead Managers to the Offer, has finalised allocation of 4.32.57.009 Equity Shares, to Anchor Investors at Anchor Investor allocation price of Rs. 272/- per Equity Share (including share premium of Rs.
262/- per Equity Share)," the company said in the filing. Also read: Go Digit IPO to open tomorrow: GMP, issue details, 10 key things to know before subscribing to the ₹2,615-crore issue The American multinational Fidelity Investments-backed fund received the largest allocation at 7.95%.
Other notable investors in the pre-IPO round fundraising include Goldman Sachs Funds (5.31%), Abu Dhabi Investment Authority (5.31%), Custody Bank of Japan (4.25%), and Bay Pons Partners (4.11%). Foreign and Domestic Institutions who participated in the anchor were Fidelity Investment Trust, Bay Pond Partners L.P., Goldman Sachs, Abu Dhabi Investment Authority (ADIA), Schroder International, East Spring Investments India, Custody Bank of Japan, SBI Mutual Fund, ICICI Prudential Mutual Fund, Axis Mutual Fund, Mirae Asset Mutual Fund, Ashoka WhiteOak Mutual Fund, Malabar Mutual Fund, Steadview Capital Mauritius Ltd, Optimix Wholesale Global Emerging Markets Share
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