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The Economic Times
The Economic Times
Akash Podishetti

Karamtara Engineering raises Rs 262 crore from anchor investors ahead of IPO. HDFC MF among top buyers

Karamtara Engineering IPO Insurance

Karamtara Engineering has raised Rs 262.50 crore from anchor investors ahead of its IPO, which opens for subscription on September 9. The company allotted 1.03 crore shares to 15 anchor investors at Rs 254 per share, the upper end of the IPO price band. The price includes a share premium of Rs 244 per share.

The anchor book saw participation from domestic mutual funds, insurance companies, alternative investment funds and foreign institutional investors.

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