December 9, 2021
admin
Rakesh Jhunjhunwala-backed fashion footwear Gaint Metro Brands on December 9 raised Rs 410.25 crore from 28 anchor investors, ahead of its public issue, which opens tomorrow.
The company has finalised allocation of 82,05,030 equity shares to anchor investors at a price of Rs 500 per equity share.
Marquee investors who invested in the company through anchor book included Goldman Sachs, Abu Dhabi Investment Authority, University of Notre Dame DU LAC, GMO Emerging Domestic Opportunities Fund, Pinebridge India Equity Fund, Societe Generale and Valiant India Opportunities.
Domestic investors including ICICI Prudential, HDFC Trustee, Kotak Mutual Fund, SBI Life Insurance, HDFC Life Insurance, Tata AIA Life Insurance, Tata Mutual Fund, Sundaram Mutual Fund, and UTI MF also bought shares in the company.
The company aims to raise Rs 1,367.5 crore through its IPO that comprises a fresh issue of shares worth Rs 295 crore and an offer for sale of 2,14,50,100 equity shares by promoters.
