Laxmi Natural raises ₹180 crore forward of IPO

Laxmi Natural Industries Ltd, a Mumbai-based specialty chemical compounds producer, has raised ₹180 crore from 15 anchor buyers a day previous to the opening of its preliminary public providing (IPO).

The corporate allotted 1.38 crore shares at ₹130 per share on Friday, it knowledgeable the bourses.

Eight overseas portfolio buyers who participated within the anchor had been Nomura India Fairness Fund, Abu Dhabi Funding Authority, Goldman Sachs, Kuber India (Plutus), Theleme India Grasp Fund, Malabar India Fund, Ashoka India Alternatives Fund, India Acorn Fund. These buyers had been allotted 78.46 lakh shares for about ₹102 crore.

Malabar India Fund and Ashok India Alternatives Fund have additionally invested ₹55 crore and ₹35 crore, respectively, in a Pre-IPO spherical final month.

Amongst the home buyers, SBI Mutual Fund, ICICI Prudential Mutual Fund and Aditya Birla Mutual Fund picked up the biggest allocation of 10.77 lakh shares (7.78 per cent) for about ₹14 crore every, throughout their varied schemes.

Kotak Mutual Fund, SBI Life Insurance coverage, HDFC Life, DSP Mutual Fund had been the opposite home establishments allotted shares, with these establishments had been shares price ₹9 crore every.

Additionally Learn: Laxmi Organics fixes IPO value band at ₹129–130 per share

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