Stove Craft has raised Rs 185 crore from anchor investors before its IPO.
The IPO of Stove Kraft Ltd will open on January 25 and close on January 28.
Stove Kraft raises 185 crore from anchor investors before IPO
Stove Craft has raised Rs 185 crore from Anchor Investors before its IPO. According to a circular issued by BSE on Friday evening, a total of 48,22,290 shares have been issued to 32 anchor investors at a price of Rs 385 per share. This is the upper level of the price range. In this sense, the company has raised Rs 185.68 crore from anchor investors.
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These anchor investors include Goldman Sash India, Nippon Life India Trustee, Bajaj Allianz Life Insurance Company, IIFL Special Opportunities Fund, Integrated Core Strategies Asia Pte Ltd. And Sundaram Mutual Fund.
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Stove Kraft to issue 95 crore new shares under IPO
Stove Craft will issue 95 crore new shares under the IPO. Apart from this, OFS will offer 82.50 lakh equity shares. Under OFS promoter Rajendra Gandhi 6,90,700, promoter Sunita Rajendra Gandhi 59,300, Sikoya Capital India Growth Investments Holding 14,92,080 and SCI Growth Investments 2 60,07,920 Will offer shares.