Indian Energy Exchange on Saturday said it had garnered a little over ₹300 crore from anchor investors, ahead of its initial public offering next week.
The company would allot 18,19,501 equity shares to 23 anchor investors at a price of ₹1,650 per share, Indian Energy Exchange (IEX) informed the stock exchanges.
At this price, the total amount works out to ₹300.22 crore.
SBI Mutal Fund (MF), Birla Sunlife MF, Birla Sunlife Trustee Company, ICICI Prudential MF and Nomura are among the anchor investors.
IEX plans to raise ₹1,001 crore through an initial share-sale offering. It has fixed a price band of ₹1,645-₹1,650 per share for its public issue.
The issue by which the company is selling 60,65,009 shares or 20% of the post-issue paid-up capital would be open for public subscription during October 9-11.
The IPO will see sale of equity shares by existing shareholders including Tata Power Company, private equity arm of Aditya Birla Group, Madison India Capital and Renuka Ramnath-led Multiples Alternate Asset Management. Besides, AF Holdings, Kiran Vyapar, Golden Oak (Mauritius) and IEX’s former chief executive Jayant Deo, would offload shares in the public issue.
