JSW Infrastructure raises Rs 1,260 crore from anchor investors ahead of IPO
The company allotted 10,58,82,352 shares to anchor investors at Rs 119 apiece.
About 11 mutual funds participated in the pre-IPO placement through a total of 28 schemes.
SBI Mutual Fund, ICICI Prudential MF, HDFC Mutual Fund, Nippon India MF, Aditya Birla Sun Life MF, Sundaram MF, Franklin Templeton, UTI MF, Tata AMC, and Baroda BNP Paribas MF are the mutual funds that participated in the anchor placement of shares.
Among foreign portfolio investors, the Government of Singapore was allotted 5.6% of the total anchor placement. The Monetary Authority of Singapore received around 1% of the total placement.
Morgan Stanley was allotted 3.5% of the total anchor placement, while Goldman Sachs got 0.4% of the total size.
Besides these, Sunil Singhania-owned Abakkus Investment was allotted around 2% of the anchor portion.
The Rs 2,800-crore IPO will open for subscription on Monday and close on Wednesday.
