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The Economic Times
The Economic Times
Akash Podishetti

Rentomojo IPO: BlackRock among investors in Rs 376 crore anchor round

Rentomojo IPO HDFC Mutual Fund

Rentomojo has raised Rs 376 crore from anchor investors ahead of its initial public offering, which opens for subscription on Wednesday, September 9. The company allotted 93 lakh shares to 41 anchor investors at Rs 404 per share. The anchor allocation price includes a face value of Rs 1 per share and a share premium of Rs 403 per share.

The anchor book saw participation from several large domestic and global investors, including Goldman Sachs Funds - Goldman Sachs India Equity Portfolio, BlackRock Global Funds - India Fund, ICICI Prudential Quality Fund, HDFC Mutual Fund, Mirae Asset Great Consumer Fund, Motilal Oswal Large Cap Fund and HDFC Life Insurance Company.

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