Luxury furniture brand Stanley Lifestyles on Thursday said it has raised a little over Rs 161 crore from anchor investors, a day before its initial share-sale.Those who have been allotted shares are SBI Mutual Fund (MF), Nippon India MF, ICICI Prudential MF, HDFC MF, Quant MF, Motilal Oswal MF, Bandhan MF, SBI Life Insurance Company and Max Life Insurance Company, according to a circular uploaded on BSE’s website.Stanley Lifestyles has decided to allot 43.66 lakh equity shares to 16 funds at Rs 369 a piece, taking the aggregate transaction size to Rs 161.1 crore. The Rs 537-crore initial public offering (IPO), with a price band of Rs 351 to Rs 369 per share, will open for public subscription on June 21 and conclude on June 25.The IPO comprises fresh issuance of equity shares worth Rs 200 crore and an offer-for-sale (OFS) component of 91.33 lakh equity shares by the company’s promoters and other shareholders to the tune of Rs 337 crore at the upper-end of the price band.
sekar nallalu Corporate,Cryptocurrency,Markets Ahead of IPO, Stanley Lifestyles Collects Rs 161 Crore from Anchor Investors
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