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Knowledge Realty REIT raises Rs 1620 crore from anchor investors ahead of IPO; Jhunjhunwala among investors

Economic Times

Economic Times · 1d ago

Knowledge Realty REIT raises Rs 1620 crore from anchor investors ahead of IPO; Jhunjhunwala among investors

Knowledge Realty Trust REIT has raised Rs 1,620 crore from anchor investors ahead of its IPO, with investors including LIC, Jhunjhunwala Trust, and others. The IPO, set to open for public subscription, aims to raise Rs 4,800 crore through a fresh issuance. The funds will primarily repay existing debt. This marks the first REIT IPO under Sebi's new regulations. The sponsors include Sattva Developers, with Axis Trustee and Knowledge Realty Office Management Services managing the issue.

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Blackstone taking its fourth India REIT public with $712-mn IPO

VCCircle

VCCircle · 5m ago

Blackstone taking its fourth India REIT public with $712-mn IPO

Blackstone, the world's largest private equity firm, is taking its fourth Indian REIT public with an IPO worth $712 million. The REIT, Knowledge Realty Trust, is co-sponsored with Sattva Group and aims to repay loans. With assets valued at approximately Rs 59,445 crore, it comprises 48 million square feet of leasable area across major cities like Mumbai, Hyderabad, and Bengaluru. This move continues Blackstone's strategy of monetizing its extensive real estate portfolio in India.

Northern Arc Capital raises Rs 229 Cr from anchor investors pre-IPO

YourStory

YourStory · 10m ago

Northern Arc Capital raises Rs 229 Cr from anchor investors pre-IPO

Non-bank financial institution Northern Arc Capital has raised Rs 229 crore ($31 million) from anchor investors ahead of its upcoming initial public offering (IPO). The funds were collected by issuing over 87 lakh equity shares at Rs 263 each to anchor investors including SBI General Insurance, Kotak Mahindra Life Insurance, and Goldman Sachs. Northern Arc Capital's IPO, which consists of a fresh issue of equity shares worth Rs 500 crore and an offer for sale of up to Rs 277 crore, is set to open for public subscription on September 16.

Awfis raises Rs 269 crore from anchor investors ahead of IPO

Economic Times

Economic Times · 1y ago

Awfis raises Rs 269 crore from anchor investors ahead of IPO

Flexible office space provider, Awfis Space Solutions, has raised nearly Rs 269 crore ($36 million) from anchor investors ahead of its IPO. 19 domestic mutual funds contributed Rs 144 crore ($19 million) to the capital raising, with the remainder coming from other investors including Allianz Global Investors Fund and HSBC Global Investment Fund. The IPO will raise an additional Rs 128 crore ($17 million) in fresh capital for the company, while the offer for sale component will consist of 12.3 million shares from existing investors. The IPO is set to launch on 22 May.

Unicommerce IPO: SoftBank Backed Startup Raises Over INR 124 Cr From Anchor Investors

Inc42 · 1y ago

Unicommerce IPO: SoftBank Backed Startup Raises Over INR 124 Cr From Anchor Investors

SaaS startup Unicommerce has raised INR 124.4 Cr from 14 anchor investors ahead of its IPO opening on August 6. The IPO consists of only an Offer For Sale (OFS) component of 2.56 Cr equity shares. The startup allocated 1.15 Cr equity shares to anchor investors at INR 108 apiece, with various mutual funds being the major beneficiaries.

Kalpataru raises Rs 708 cr from anchor investors ahead of IPO

Economic Times

Economic Times · 1m ago

Kalpataru raises Rs 708 cr from anchor investors ahead of IPO

Real estate developer Kalpataru Ltd raised Rs 708 crore from anchor investors, including GIC and Bain Capital, ahead of its IPO scheduled for June 24-26. The company plans to raise up to Rs 1,590 crore with a price band of Rs 387 to Rs 414 per share. Kalpataru aims to utilize the funds for debt payment and corporate purposes. The IPO consists entirely of a fresh equity issue with no offer for sale component.

Ahead of IPO, Ellenbarrie Industrial Gases raises Rs 256 crore from anchor investors

Economic Times

Economic Times · 1m ago

Ahead of IPO, Ellenbarrie Industrial Gases raises Rs 256 crore from anchor investors

Ellenbarrie Industrial Gases raised Rs 256 crore from anchor investors ahead of its IPO, which opens from June 24-26. The IPO, priced between Rs 380-400 per share, aims to gather Rs 852 crore. It includes a fresh issue of Rs 400 crore and an offer for sale of 1.13 crore shares. The funds will be used to pay debts and establish a new unit. The company's revenue rose 16% in FY25, with significant profit growth.

Mamaearth parent Honasa raises Rs 765 crore from anchor investors ahead of IPO

Economic Times

Economic Times · 1y ago

Mamaearth parent Honasa raises Rs 765 crore from anchor investors ahead of IPO

Mamaearth parent Honasa has raised Rs 765 crore from anchor investors ahead of its IPO. The company plans to use the funds to enhance its manufacturing capabilities, expand its product portfolio, and for marketing and brand building activities. Honasa offers a range of personal care products under various brands, including Mamaearth, The Derma Co, and The Moms Co.

Ather raises Rs 1,340 Cr from anchor investors ahead of listing

Entrackr

Entrackr · 3m ago

Ather raises Rs 1,340 Cr from anchor investors ahead of listing

Ather raises Rs 1,340 Cr from anchor investors ahead of listing Electric two-wheeler maker Ather Energy has allocated shares worth Rs 1,340 crore (around $157 million) to anchor investors ahead of its initial public offering (IPO). The board at Unicommerce has passed a resolution to offer 4,17,45,576 equity shares at an issue price of Rs 321 each (upper-band) to its anchor investors, its regulatory filing accessed from the Bombay Stock Exchange (BSE) shows. SBI, Abu Dhabi Investment Authority (ADIA), Invesco, Franklin Templeton, ICICI Prudential, Morgan Stanley, and Societe Generale are some key anchor investors for Ather. Out of the total issue, 49.6% of the total allocation was made to 7 domestic mutual funds through 14 schemes, the filing further added. Ather Energy initiated its public offering from (28th - 30th April) at a price band of (Rs 304-321) with a minimum bid quantity of 46 equity shares. Before the anchor round, Hero MotoCorp is the largest shareholder in Ather Energy, holding 38.19% of the company. It is followed by Caladium Investment (GIC) with a 15.43% stake. The National Investment and Infrastructure Fund (NIIF) and Tiger Global hold 14.22% and 6.56%, respectively. Ather’s co-founders, Mehta and Jain, each hold 6.81%. According to Entrackr’s estimates, Ather valued itself at $1.44 billion in its initial public offering. In the first nine months of FY25, the company sold 1,08,000 vehicles, generating revenue of Rs 1,578.9 crore. However, it posted a loss of Rs 579.6 crore during the same period. For the full fiscal year ending March 2024, the company reported revenue of Rs 1,753 crore with a loss of Rs 1,062 crore.

Bharat Highways InvIT raises Rs 826 crore via anchor book ahead of IPO

Money Control

Money Control · 1y ago

Bharat Highways InvIT raises Rs 826 crore via anchor book ahead of IPO

Bharat Highways Infrastructure Investment Trust (InvIT) has raised Rs 825.97 crore from anchor investors ahead of its IPO opening on February 28. The trust, which acquires and manages infrastructure assets in India, plans to mobilize Rs 2,500 crore through its IPO. The issue will close on March 1. The net issue proceeds will be used to provide loans to project SPVs for repaying outstanding loans, as well as for general purposes. The trust's portfolio consists of seven road assets, all operating on a Hybrid Annuity Model (HAM) basis.

IPO-Bound TBO Tek Raises INR 696 Cr From 47 Anchor Investors

Inc42 · 1y ago

IPO-Bound TBO Tek Raises INR 696 Cr From 47 Anchor Investors

Travel Boutique Online (TBO Tek), a B2B travel portal, has raised INR 696.5 Cr ($93.7 million) from 47 anchor investors ahead of its public listing. The company has allocated 45.7 million shares to these investors at an anchor investor allocation price of INR 920 per share. The anchor round saw participation from Abu Dhabi Investment Authority (ADIA), Government Pension Fund of Norway, ICICI Prudential Mutual Fund, and other notable investors. TBO Tek aims to raise around INR 1,551 Cr ($208.4 million) through its IPO which opens on May 8. The funds raised will be used for growth, technology enhancement, and other purposes.

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