VRL Logistics raises Rs 140 cr from anchor investors

15 anchor investors have been allotted 6.8 million shares at Rs 205 apiece ahead of IPO

Karnataka’s VRL Logistics has raised around Rs 140 crore from anchor investors ahead of its initial public offering (IPO), which will remain open for subscription between April 15 and April 17.

VRL has finalised the allocation of 6.85 million equity shares at Rs 205 apiece to 15 anchor investors, the company said in a statement.

The anchor investors include ICICI Prudential, DSP Blackrock, Birla Sunlife, L&T Mutual Fund and Sundaram Mutual Fund.

VRL has fixed the IPO price band between Rs 195 and Rs 205 per share. The company plans to raised around Rs 460 crore from the issue. VRL plans to raise Rs 117 crore through issuance of fresh equity, while the remaining portion of the issue will be offer for sale by existing shareholders including New Silk Route.