Mumbai : Quadrant Future Tek Limited has garnered Rs. 130.50 crores from anchor investors ahead of its initial public offering that opens for public subscription on Tuesday, January 7, 2025. The company informed the bourses that it allocated 45,00,000 equity shares at Rs. 290 per share on Monday, January 6, 2025, to anchor investors.
Foreign and Domestic Institutions who participated in the anchor included Citigroup Global Markets Mauritius Private Limited, Capri Global Capital Limited, Shubhkam Ventures, Whiteaok Mutual Fund, Whiteaok, LIC Mutual Fund, Kotak Mutual Fund, Bank of India Mutual Fund, Bengal Finance and Investment Private Limited, PGIM India, Sundram Alternative and besides other.
Out of the total allocation of 45,00,000 equity shares to the anchor investors, 15,00,000 equity shares (i.e. one third of the total allocation to Anchor Investors) were allocated to 4 domestic mutual funds through a total of 11 schemes.
Sundae Capital Advisors Private Limited is the sole book-running lead manager, and Link Intime India Private Limited is the registrar of the issue.