Manpasand Beverages raises Rs 180 cr from anchor investors

The consumer goods firm allotted 5.625 mn equity shares at Rs 320 apiece to institutional investors

Manpasand Beverages has raised Rs 180 crore from 11 anchor investors, ahead of its initial public offering (IPO), which opens on Wednesday.

The consumer goods firm allotted 5.625 million equity shares at Rs 320 apiece to institutional investors, which included Goldman Sachs, Birla Sun Life Insurance, ICICI Prudential MF and  Morgan Stanley.

Manpasand has priced its IPO in the range between Rs 290 and Rs 320 per share to raise a total of Rs 400 crore. The IPO will remain open till Friday. Kotak Mahindra Capital Company, IIFL Holdings and ICICI Securities are the investment banks handling the issue.