American venture capital firm Sequoia Capital-backed Indigo Paints, on January 19, raised Rs 347.9 crore from 25 anchor investors ahead of its initial public offering (IPO).
Details of Investors
There were total 25 anchor investors participated in the funding rounds.
Foreign Institution Investors
Among foreign institutional investors of Indigo Paints, Capital Group was the largest investors, buying 11.5% of the anchor investor portion for Rs 39.92 crore. Government of Singapore Investment Corporation picked up 4.9% of the shares for Rs 16.99 crore, Fidelity was allotted 4.0% of the shares for Rs 13.99 crore. Goldman Sachs, Nomura, Government Pension Fund Global, PACIFIC HORIZON INVESTMENT TRUST, HSBC, Stewart picked up 3.9% each.
Domestic Institutional Investors
The domestic institutional investors such as: SBI MF, HDFC MF, ICICI Prudential MF, Nippon MF, Axis MF, Aditya Birla Sun Life and Motilal MF received shares of the company via anchor book.
Details of Investment
The company informed exchanges that it has finalised the allocation of 23,35,020 equity shares to anchor investors, at a price of Rs 1,490 apiece, the higher end of price band.
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