Blackstone backed Ventive Hospitality Limited raises ₹ 719.55 Crores from 26 anchor investors at the upper end of the price band at ₹643 per equity share
Mumbai, 19th December 2024 (GNI): Blackstone backed Ventive Hospitality Limited, has allotted 1,11,90,513 Equity Shares to 26 anchor investors and raised ₹ 719.55 Crores ahead of company’s proposed IPO at the upper end of the price band at ₹ 643 per equity share (including premium of ₹ 643 per equity shares) with face value of ₹ 1 per equity share. The anchor has received a 2X subscription.
Out of the total allocation of 1,11,90,513 Equity Shares to the Anchor Investors, 48,21,122 Equity Shares(i.e. 43.08% of the total allocation to Anchor Investors) were allocated to 4 domestic mutual funds through a total of 8 schemes.
The anchor received strong demand from mutual funds, insurance companies, long only funds, sovereign funds and domestic wealth funds. It is an optimum mix of domestic and foreign investors. Few of the marquee investors include Government Pension Global Fund, Allspring Global Investment LLC, Tata Absolute Return Fund, Quant Mutual Fund, Aditya Birla India Fund, SBI General Insurance Company Limited, SBI Life Insurance Company Limited, Nuvama, JM Financial Mutual Fund and 360 One Income Opportunities Fund.
Below mentioned is link to access the anchor link:
https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20241219-65
ends GGNI
Be the first to comment on "Blackstone backed Ventive Hospitality Limited raises ₹ 719.55 Crores from 26 anchor investors at the upper end of the price band at ₹643 per equity share"