Brainbees Solutions Limited raises ₹ 1885.8 crores from 71 anchor investors at the upper price band of ₹465 per equity share
Mumbai, 06th August 2024 (GNI): Brainbees Solutions Limited, has allotted 4,05,55,428 Equity Shares to 71 anchor investors and raised ₹ 1885.8 crores ahead of company’s proposed IPO at the upper price band of ₹ 465 per equity share (including premium of ₹ 463 per equity shares) with face value of ₹ 2 per share.
The marquee investors include SBI Mutual Fund, ICICI Prudential Mutual Fund, HDFC Mutual Fund, Kotak Mahindra Mutual Fund, Government of Singapore, Abu Dhabi Investment Authority, Goldman Sachs Funds, SBI Life Insurance, Fidelity Funds, Nordea Asset Management, Max Life Insurance Company Limited, Nomura Funds, Norges Bank, PSP, Carmignac to name a few.
Out of the total allocation of 4,05,55,428 Equity Shares to the Anchor Investors, 1,51,60,928 Equity Shares (i.e. 37.38% of the total allocation to Anchor Investors) were allocated to 8 domestic mutual funds through a total of 23 schemes.
The Offer comprises of a Fresh Issue of equity shares aggregating up to ₹ 16,660.00 million (the “Fresh Issue”) and an offer for sale of up to 54,359,733 equity shares of face value ₹ 2 (the “Offer for Sale”). The Offer for Sale comprises of up to 46,814,458 Equity Shares of face value ₹ 2 each by corporate selling shareholders and up to 7,545,275 Equity Shares of face value ₹ 2 each by individual selling shareholders.
The Offer includes a reservation of certain equity shares of face value of ₹ 2 each, aggregating up to ₹ 30.00 million for subscription by eligible employees (“Employee Reservation Portion”). The offer less the Employee Reservation Portion is hereinafter referred to as the “Net Offer”.
Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Private Limited, BofA Securities India Limited, JM Financial Limited and Avendus Capital Private Limited are the book running lead managers (“Book Running Lead Managers” or “BRLMs”) to the Offer.ends GNI
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