Anchor investors News
IPO of FiveStar Business Finance was subscribed over 70%.
The Chennai-based NBFC is backed by investors like TPG, Matrix Partners, Norwest Ventures, Sequoia and KKR.
The company has raised Rs 588 crore from anchor investors.
This is the second CPSE (Central Public Sector Enterprises) ETF FFO in the current fiscal after Rs 17,000 crore raised in November 2018.
NTPC, SJVN, NLC and NBCC are the new entrants in the ETF basket.
Of the total, 65 percent demand came from FPIs.
Shares of the company are proposed to be listed on BSE and NSE.
After nearly three years of launching CPSE ETF, the government will on January 17 initiate the second tranche of fund raising to garner up to Rs 6,000 crore.
This is the first initial share sale by any private sector lender in a decade.
Quick Heal has alloted 41.70 lakh equity shares at Rs 321 apiece, the upper end of the price band, to 10 anchor investors.
Providing more clarity, Sebi on Thursday said revised norms related to anchor investors and preferential share issues would be applicable prospectively from August 25 when the amended regulations came into force.
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