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Ahead Of IPO, KFin Technologies Secures Rs 675 Cr From Anchor Book
The anchor investors included marquee domestic funds such as Goldman Sachs Funds; Nippon Life India Fund, IIFL Private Equity Fund, Canara Robeco MF, Axis MF, ICICI Prudential Life Insurance etc and foreign funds
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KFin Technologies on Saturday raises Rs 675 crore ahead of the company’s proposed IPO. The company has allotted 18442623 equity shares to 44 anchor investors and raised Rs 675 crore ahead of the company’s proposed IPO at the upper price band of Rs 366 per equity share (including a premium of Rs 356 per equity share) with the face value of Rs 10 per share.
Out of the total allocation of 18,442,623 equity shares to the Anchor Investors, 6,967,120 equity shares (i.e. 37.78% of the total allocation to Anchor Investors) were allocated to eight domestic mutual funds through a total of 17 schemes.
The anchor investors included marquee domestic funds such as Goldman Sachs Funds; Nippon Life India Fund, IIFL Private Equity Fund, Canara Robeco MF, Axis MF, ICICI Prudential Life Insurance etc and foreign funds such as Goldman Sachs (Singapore) PTE, Morgan Stanley Asia (Singapore) PTE, Copthall Mauritius Investment Limited, Pinebridge Global Funds and Pari Washinton India Master Fund.