Hair oil maker Bajaj Corp said it has received investment of about Rs 52 crore from 12 anchor investors for its initial public offer (IPO), which opened for subscription on Monday.
The Shishir Bajaj group company has allotted 8.1 lakh shares to the anchor investors at Rs 650 per share, it said in a statement. The price band for the IPO of 45 lakh shares is fixed at Rs 630-660 a share.
Reliance Capital Trustee, ICICI Prudential Emerging Star Fund, Axis MF Trustee, ICICI Prudential Life Insurance, PI Opportunities Fund, Copthall Mauritius Investment, Templeton Mutual Fund, Franklin India Smaller Companies Fund and Goldman Sachs India Fund were among the anchor investors, the company said.
The IPO will close for subscription on August 4 for qualified institutional buyers (QIBs) and on August 5 for other categories of applicants, including retail investors.
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