The company informed the exchanges that it had a group of 14 anchor investors to Rs 2,38,76,287 equity shares Rs. Allotted in 97. The anchor book features a combination of domestic mutual funds, insurance companies, global fund houses and alternative investment funds.
Nippan India equity opportunities fund among Marquee participants, equ 360 1 An equity opportunities fund, Bank India F India Mutual Fund, ITI Mutual Fund, SBI General Insurance and Investments Pvt.
The company had earlier endorsed the Wealth Company (India’s inflection opportunities funds) and investors Ashish Kacholia and Mukul Agarwal through pre-IPO placement.
In IPO, Rs. 721 crore (7.43 crore shares) and Rs. Offer fur for sale of 51 crore (52.57 lakh shares). Rs. At the upper end of the 92-97 price band, the offer will get Rs 772 crore. Revenue will be used for funding functional capital requirements and for general corporate purposes.
In aiming to increase investors’ confidence, Vikram Engineering also announced at its annual General Meeting (AGM) on the 25 August Gust that it would distribute 5% dividend to equity shareholders on profit.
Investors can bid at least 148 stocks and then in multiplication. Allotment will be done through a book-building process, with 50% reserved for qualified institutional buyers, 15% for non-institutional investors and 35% for retail investors.
Pentomath Capital Advisors and Systematics Corporate Services are lead managers running a book on the issue.
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