InvestorQ : Has Nuvoco Vistas managed an anchor placement ahead of its proposed IPO on 09 August?
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Has Nuvoco Vistas managed an anchor placement ahead of its proposed IPO on 09 August?

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Rashi Mehra answered.
4 months ago
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Nuvoco Vistas, part of the Nirma group, raised Rs.1,500 crore via anchor allotment, a day ahead of its IPO on 06th August. This anchor book, therefore, accounts for about 30% of the total IPO size of Rs.5,000 crore, which includes a new issue portion of Rs.1,500 crore and an offer for sale of Rs.3,500 crore. Nuvoco Vistas is the fifth largest cement company in India in terms of capacity with installed capacity of 22.32 MTPA.

The shares were sold to a total of 40 participating anchor investors and all the deals were at the upper end of the IPO price band of Rs.570 per share. The domestic anchor investors were SBI MF, SBI Life, ICIC Pru MF, Nippon MF, Axis MF, HDFC Life, Mirae MF and Premji Finvest. Among the participating anchor FPIs it included APG AM, CI Funds, TT International, Carmignac, and Wells Capital.

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