InvestorQ : Can you tell me about the anchor placement done by Go Fashion ahead of the IPO?
rhea Babu made post

Can you tell me about the anchor placement done by Go Fashion ahead of the IPO?

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Riya Dwivedi answered.
2 weeks ago
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Anchor investors normally are allotted shares a day ahead of the IPO opening with a lock-in period of just one month. On 16-Nov, Go Fashion placed 66,10,492 shares with anchor investors at the upper end of the price band of the IPO of Rs.690. This pegs the value of the anchor placement at a tad above Rs.456 crore.

To this extent, the QIB component of the IPO will be reduced. Major investors in the anchor placement included GIC Singapore, Monetary Authority of Singapore, Abu Dhabi Investment Authority, Fidelity, Neuberger Berman, University of Notre Dame as well as domestic names like SBI MF, HDFC MF, ICICI Prudential MF, Axis MF, Birla MF, SBI Life and Kotak MF.

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