Abu Dhabi Investment Authority, Carmignac Portfolio, Loomis Sayles, Neuberger Berman, Amansa Holdings, Malabar India Fund Ltd and Steadview Capital Master Fund Ltd are among the anchor investors.
Non-banking finance firm SBFC Finance Ltd on Wednesday reported that it has received a less than the amount of Rs 304 crore from anchor investors in advance of its first share sale.
This company is planning to give 5.34 million equity shares in 37 fund for Rs 57 per share this is also the top portion of the price range in accordance with a notice posted on the BSE website.
At the moment the company has collected the sum of Rs 304.43 million from investors who anchor the company, according to the circular.
Abu Dhabi Investment Authority, Carmignac Portfolio, Loomis Sayles, Neuberger Berman, Amansa Holdings, Malabar India Fund Ltd and Steadview Capital Master Fund Ltd are among the investors who are anchors.
Mutual funds in the domestic market, like ICICI Prudential Mutual Fund (MF) SBI MF, HDFC MF, Aditya Birla Sun Life MF and Axis MF have also made investments.
This issue for the public, having a the price range of Rs 54 to 56 per share will be open on August 3 for subscriptions and will close in August 7.
The IPO of Rs 1,025 crore comprises an stock issue amounting to as high as 600 crore as well as the offer For Sale (OFS) part totalling up to 425 crore from existing shareholders.
Under the OFS the shares will be released to Arpwood Partners Investment Advisors LLP, Arpwood Capital Pvt Ltd as well as Eight45 Services LLP.
The company intends to apply the net proceeds of the sale to increase the capital base of the company to cover its future capital requirements that arise out the expansion of its assets and operations.
In the past, the company completed an equity private placement shares totalling to 150 crore as the pre-IPO placement. After this, the release size decreased from 600 crore instead of 750 crore as crore, which was previously planned.
Following the pre-IPO round HDFC Mutual Fund (MF), ICICI Prudential MF, and SBI MF invested Rs 90 crore in the company with an average price of Rs 56 per share, which valued the company at around 5400 crore rupees.
ICICI Securities, Axis Capital, and Kotak Mahindra Capital Company are the book-running manager for the issue. Equity shares are expected for listing in the NSE as well as BSE.
