The anchor allocation bid noticed participation from international funds like Goldman Sachs, Nomura Belief & Banking Co, Scotland-based Aberdeen Normal SICAV I – Indian Fairness Fund and TOCU Europe III S.A R.L. fund.
Out of the overall allocation to the anchor buyers, over 1.58 crore fairness shares representing 29.56% of the quota have been allotted to six home Mutual Funds by a complete of 17 schemes.
HDFC Mutual Fund’s three schemes have invested within the concern whereas 7 schemes of Motilal Oswal MF additionally did and have been allotted shares by the corporate. Bandhan MF and ITI MF have been additionally buyers within the concern.
The corporate has already introduced the worth band for the problem at Rs 223- Rs 235 per fairness share which incorporates premium of Rs 225 per fairness shares with face worth of Rs 10 per share.
IPO construction
The IPO includes a whole contemporary concern of 11.91 crore shares, aggregating as much as Rs 2,800 crore. There isn’t any offer-for-sale part.
Minimal funding and lot dimension
Retail buyers can apply for no less than one lot, which incorporates 63 shares. On the higher value band, this interprets to an funding of Rs 14,805. For small HNIs, the minimal utility is 14 heaps or Rs 2.07 lakh.
Use of funds
The proceeds shall be used to repay or prepay sure borrowings, fund the acquisition of a cryogenic LPG terminal at Mangalore, and for normal company functions.
Monetary efficiency
In FY24, the corporate posted a income of Rs 570.12 crore and a web revenue of Rs 86.54 crore. For 9 months ended Dec 2024, PAT stood at Rs 85.89 crore.
Guide working lead managers
ICICI Securities, BNP Paribas, IIFL Securities, Jefferies India, and HDFC Financial institution are managing the problem, whereas Hyperlink Intime is the registrar.
Additionally Learn: Leela Motels IPO: Brookfield-backed agency raises Rs 1,575 crore from Goldman Sachs, Constancy, 45 different anchor buyers
(Disclaimer: Suggestions, options, views and opinions given by the specialists are their very own. These don’t signify the views of Financial Occasions)
