Realty developer Prestige Estates Projects has roped in 23 anchor investors, including Reliance MF, DSP Blackrock and Credit Suisse, and raised Rs 215.4 crore under its initial public offer (IPO), which opened today.
The company has finalised allocation of 1.17 crore shares to 23 anchor investors at Rs 183 per share-- the higher end of its price range --aggregating to Rs 215.46 crore.
The Rs 1,200 crore IPO, which opened today, was subscribed 4 per cent by the end of first day.
Anchor investors, which will get shares in Prestige IPO, include Sundaram BNP, HDFC MF, Alliance Berstein India Growth Fund, Indus Capital Advisor UK, Government of Singapore, Lloyd George, HSBC MF, Mirae Asset and Axis MF.
The Bangalore-based real estate developer's public issue, priced in a range of Rs 172 to Rs 183 per equity share, closes on October 14.
Enam Securities, JP Morgan India, Kotak Mahindra Capital Company and UBS Securities India are the book running lead managers to the issue.
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