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Sheela Foam IPO off to a slow start

The company on Monday raised Rs 153 crore from anchor investors

BS Reporter 

IPO
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Makers of Sleepwell mattresses garnered only one per cent subscription for its Rs 510-crore on Tuesday, the first day of the issue. The company on Monday raised Rs 153 crore from anchor investors, which included ICICI Prudential MF, SBI MF and Goldman Sachs. Shares were allotted to anchor investors at Rs 730 per share, the upper end of the price band of Rs 680-730. Sheela Foam's closes on December 1. Edelweiss Financial Services and ICICI Securities are the book running lead managers to the issue.

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Sheela Foam IPO off to a slow start

The company on Monday raised Rs 153 crore from anchor investors

The company on Monday raised Rs 153 crore from anchor investors
Makers of Sleepwell mattresses garnered only one per cent subscription for its Rs 510-crore on Tuesday, the first day of the issue. The company on Monday raised Rs 153 crore from anchor investors, which included ICICI Prudential MF, SBI MF and Goldman Sachs. Shares were allotted to anchor investors at Rs 730 per share, the upper end of the price band of Rs 680-730. Sheela Foam's closes on December 1. Edelweiss Financial Services and ICICI Securities are the book running lead managers to the issue.

image
Business Standard
177 22

Sheela Foam IPO off to a slow start

The company on Monday raised Rs 153 crore from anchor investors

Makers of Sleepwell mattresses garnered only one per cent subscription for its Rs 510-crore on Tuesday, the first day of the issue. The company on Monday raised Rs 153 crore from anchor investors, which included ICICI Prudential MF, SBI MF and Goldman Sachs. Shares were allotted to anchor investors at Rs 730 per share, the upper end of the price band of Rs 680-730. Sheela Foam's closes on December 1. Edelweiss Financial Services and ICICI Securities are the book running lead managers to the issue.

image
Business Standard
177 22