Go Fashion raises Rs.456 crore ahead of IPO, from anchor investors
5paisa Research Team
Last Updated: 13th December 2022 - 01:21 am
In a meeting held by the Go Fashion IPO committee on November 16, the company has finalized an allocation of 66,10,492 equity shares to Anchor Investors at a price of Rs.690 per share. Go Fashion allocated these shares to 33 anchor investors and the grand total or the transaction size amounted to Rs.456.12 crore, according to the company’s anchor allocation intimation that was released.
Anchor investors are institutional investors that buy equity shares in a company, ahead of the IPO subscription, to increase the goodwill regarding the upcoming IPO, for example- sovereign wealth funds and mutual funds. If the list of anchor investors is attractive, it lures more investors to subscribe to the IPO.
Few of the major anchor investors for Go Fashion are as follows:
|
Sr. no |
Name of the Anchor Investor |
Equity shares allocated |
Total amount at Anchor investor allocation price (Rs.) |
% of Anchor Investor portion |
|
1 |
Government of Singapore |
8,52,432 |
58,81,78,080 |
12.90% |
|
2 |
The NOMURA Trust and Banking Co. Ltd |
5,07,234 |
34,99,91,460 |
7.67% |
|
3 |
Abu Dhabi Investment Authority- Behave |
4,34,736 |
29,99,86,470 |
6.58% |
|
4 |
Fidelity Investment Trust Fidelity International Discovery Fund |
4,34,736 |
29,99,86,470 |
6.58% |
|
5 |
Neuberger Berman Emerging Markets Equity Master Fund L.P. |
4,34,736 |
29,99,86,470 |
6.58% |
|
6 |
SBI Contra Fund |
3,33,333 |
22,99,99,770 |
5.04% |
|
7 |
Fidelity Funds- Global Consumer Industries Pool |
2,86,335 |
19,75,71,150 |
4.33% |
|
8 |
Monetary Authority of Singapore |
1,62,057 |
11,18,19,330 |
2.45% |
|
9 |
HDFC Trustee Co. Ltd. A/C HDFC Dividend Yield Fund |
4,34,736 |
29,99,86,470 |
6.58% |
|
10 |
Ashoka India Equity Investment Trust PLC |
2,16,888 |
14,96,52,720 |
3.28% |
Domestic investors include- ICICI Prudential, Axis mutual fund, Aditya Birla Sun Life and Kotak mutual fund etc.
Trending on 5paisa
Tanushree JaiswalDiscover more of what matters to you.
Want to Use 5paisa
Trading App?
