Some of the marquee names includes BlackRock, Capital Group, ICICI Prudential MF, HDFC MF, Nippon India MF, M&G (Prudential), Pinebridge, ValueQuest, and Bajaj Allianz Life
Mumbai : Belrise Industries has garnered Rs. 645 crores from anchor investors ahead of its initial public offering that opens for public subscription on Wednesday, May 21, 2025. The company informed the bourses that it allocated 71,666,665 equity shares at Rs. 90 per share on Tuesday, May 20, 2025, to anchor investors.
Marquee foreign long-only and large domestic mutual funds participated in the anchor book including BlackRock, Capital Group, ICICI Prudential MF, HDFC MF, Nippon India MF, M&G (Prudential), Pinebridge, ValueQuest, and Bajaj Allianz Life, among others.
Out of the total allocation of 71,666,665 equity shares to the anchor investors, 30,613,484 equity shares were allocated to 5 domestic mutual funds through a total of 10 schemes, i.e. 42.72% of the Total Anchor Book Size. Axis Capital Limited, Limited, Jefferies India Private Limited, HSBC Securities and Capital Markets (India) Private Limited, and SBI Capital Markets Limited are the book-running lead managers, and MUFG Intime India Private Limited is the registrar of the issue.
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