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Managed office space provider Smartworks has raised Rs 174 crore (approximately $20 million) from anchor investors ahead of its initial public offering (IPO), which is set to open for subscription on July 10.
The anchor round saw participation from a dozen institutional investors, including Tata Mutual Fund, Aditya Birla Sun Life, Axis Mutual Fund, and SBI General Insurance.
The company allotted 42.66 lakh equity shares at Rs 407 each to anchor investors, according to a Bombay…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
Managed office space provider Smartworks has raised Rs 174 crore (approximately $20 million) from anchor investors ahead of its initial public offering (IPO), which is set to open for subscription on July 10.
The anchor round saw participation from a dozen institutional investors, including Tata Mutual Fund, Aditya Birla Sun Life, Axis Mutual Fund, and SBI General Insurance.
The company allotted 42.66 lakh equity shares at Rs 407 each to anchor investors, according to a Bombay…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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