IPO-Bound Amagi Nets INR 805 Cr From Anchor Investors

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SUMMARY

Amagi has raised about INR 805 Cr from anchor investors in the run up to its initial public offering (IPO), which is set to open tomorrow (January 13)

The Bengaluru based company allotted 2.23 Cr shares to anchor investors at INR 361, the upper end of the set price band, per share. This values the anchor portion at INR 804.9 Cr

Eleven mutual funds including SBI, ICICI Prudential, HDFC, Aditya Birla Sun Life, Motilal Oswal, Tata, Franklin Templeton subscribed to the company’s…



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IPO-Bound Amagi Nets INR 805 Cr From Anchor Investors


SUMMARY

Amagi has raised about INR 805 Cr from anchor investors in the run up to its initial public offering (IPO), which is set to open tomorrow (January 13)

The Bengaluru based company allotted 2.23 Cr shares to anchor investors at INR 361, the upper end of the set price band, per share. This values the anchor portion at INR 804.9 Cr

Eleven mutual funds including SBI, ICICI Prudential, HDFC, Aditya Birla Sun Life, Motilal Oswal, Tata, Franklin Templeton subscribed to the company’s…



Source link

Disclaimer

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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