RK Swamy IPO: Firm mobilises ₹187 crore from marquee investors in anchor round ahead of issue

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RK Swamy IPO: RK Swamy has raised ₹187 crore from from marquee investors in anchor round on Friday, March 1, ahead of its IPO subscription opening for bidding. RK Swamy IPO opens for subscription on Monday, March 4, 2024 and closes on March 6, 2024.

The integrated marketing services provider said in a statement on Friday, Marh 1, that it has raised ₹187 crore by allocating 65 Lakh equity shares at ₹288 per equity share (including share premium of ₹283 per equity share) Out of the total allocation of 65 lakh equity shares to the anchor investors, 28 lakh equity shares, which is 43.82 per cent of the anchor investor portion were allocated to three mutual funds through a total of seven schemes. The marquee investors include Nippon Life India Trustee, LIC Mutual Fund, Aditya Birla Sun Life Insurance, PineBridge Global Funds, Bajaj Allianz Life Insurance, JM Financial Mutual Fund, SBI General Life Insurance, GAM Multistock Emerging Markets Equity, Societe Generale, Vikasa India EIF I Fund, Citigroup Global Markets Mauritius Private Limited - ODI, Copthall Mauritius Investment Limited - ODI, Goldman Sachs Singapore PTE - ODI, BNP Paribas Financial Markets - ODI.

Also Read: RK Swamy IPO: Price band set at ₹270-288 per share; check issue details, key dates, more RK SWAMY IPO is a book built issue of ₹423.56 crore. The issue is a combination of fresh issue of 0.6 crore shares aggregating to ₹173.00 crore and offer for sale (OFS) of 0.87 crore shares aggregating to ₹250.56 crore.

The RK Swamy IPO price band is set at ₹270 to ₹288 per share per equity share of the face value of ₹5 each. The floor price is 54 times the face value of the equity shares and the cap price is 57.60 times the face value of the equity shares.