Asset Reconstruction Company India (ARCIL) has raised Rs 220 crore from anchor investors ahead of its IPO, which opens for subscription on Wednesday, September 9. The company allotted 1.58 crore shares to 21 anchor investors at Rs 139 per share, the upper end of the IPO price band. The price includes a share premium of Rs 129 per share.
The anchor book saw participation from a mix of mutual funds, insurance companies and foreign institutional investors. These included Goldman Sachs India Asset Management Company, WhiteOak Capital, Bandhan Small Cap Fund, Bajaj Life Insurance, JM Financial Mutual Fund, IndusInd General Insurance, Groww Mutual Fund, Tata Multi Asset Allocation Fund, Aditya Birla Sun Life Mutual Fund, Societe Generale, BofA Securities Europe SA and Integrated Core Strategies Asia.
