Cable television and broadband service provider Hathway Cable & Datacom today said it has received a commitment for Rs 119.88 crore from 13 anchor investors, a day before opening of its initial public offer (IPO).

An anchor investor is a qualified institutional buyer who gets an allotment commitment for up to 30 per cent of the institutional quota in an IPO.

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The company would offer 2.77 crore shares at a price band of Rs 240-265 a piece. The issue will open on February 9 and close on February 11, it added.

Earlier in the day, Company Secretary Milind Karnik told reporters in New Delhi that "through the issue, the company is looking at raising about Rs 666-737 crore in total".

Hathway in a separate press release said: "Anchor investors including Franklin India Funds, DSP Blackrock Funds, Reliance Capital Trustee Co, Copthall Mauritius Investment and Tree Line Asia Master Fund (Singapore) have been allotted 4,995,000 equity shares at Rs 240 per equity share."

While Franklin India Prima Fund was alloted 3.5-lakh shares, DSP Blackrock Equity Fund was allocated 3.1-lakh shares. Reliance Capital Trustee Co and Copthall Mauritius Investment were alloted 4.1-lakh shares each.

Other anchor investors include Franklin India Opportunities Fund, Franklin India Prima Plus, Franklin India High Growth Companies Fund, Franklin Asian Equity Fund and Franklin India Smaller Companies Fund, DSP Blackrock Balanced Fund, DSP Blackrock India T.I.G.E.R. Fund, DSP Blackrock Opportunities Fund, the release said.

The shares are proposed to be listed on the National Stock Exchange and the Bombay Stock Exchange.

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