The speciality marine chemical manufacturer has allocated 1,61,67,991 equity shares to anchor investors including
Mutual Fund, Nippon India Fund, , HDFC Mutual Fund, Goldman Sachs Fund, Ashoka India Opportunities Fund, DSP Fund, IIFL Funds, Kotak Fund Motilal Fund, Tata Mutual Fund, Theleme India Fund, Baroda Fund, Edelweiss Fund.
Foreign investors include Abu Dhabi Investment Authority, Government Pension Fund Global, Societe Generale and BNP Paribas.
Out of the total allocation of 1,61,67,991 equity shares to anchor investors, 98,28,072 shares (i.e. 61% of the total allocation to anchor investors) were allocated to 10 domestic mutual funds through a total of 21 schemes.
The IPO would be open for public subscription from Wednesday, November 9th to Friday, November 11th.
The company has fixed a price band of Rs 386-407 per share. At the upper end of the price band, the IPO is expected to fetch Rs 1,462.3 crore. Investors can bid for a minimum of 36 shares and in multiples thereof.
The firm plans to use the proceeds of the fresh issue for the redemption of non-convertible debentures (NCDs) issued by it.
