 "SP Apparels raises Rs72 crore from anchor investors")
SP Apparels on Monday raised Rs 72 crore from seven anchor investors.
The company allotted 2.68 million shares to these investors at Rs 268 per share.
SP Apparels' IPO opens on Tuesday and will remain open till Thursday. The price band for the IPO is Rs 258 to Rs 268 per share.
Some of the anchor investors include DSP Blackrock, Goldman Sachs India, Birla Sun Life Insurance and Morgan Stanley.
Motilal Oswal Investment Advisors and Centrum Capital are the investment banks handling the IPO.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app