The corporate stated within the assertion that it allotted over 43 million (43,257,009) fairness shares at Rs 272 per share to anchor traders, forward of its preliminary public providing (IPO) that opens for public subscription on Wednesday.
“Out of the full allocation of 43,257,009 fairness shares to the anchor traders, 14,496,570 have been allotted to 11 home mutual funds by a complete of 23 schemes amounting to Rs 394.31 crore (approx.) which is 33.51 per cent of the Complete Anchor Ebook Measurement,”stated the Bengaluru-based insurance coverage startup.
The fairness shares of the compnay are proposed to be listed on the BSE and NSE.
The IPO of the compnay is scheduled to stay open for 3 days, and can shut on Friday, Could 17, 2024.
The provide is a mixture of contemporary situation of Rs 1,125 crore and a proposal on the market as much as 54.77 million fairness shares by promoters and different promoting shareholders.
The worth band for the IPO has been saved at Rs 258 – Rs 272 per fairness share.
First Revealed: Could 15 2024 | 12:19 AM IST
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