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The Economic Times
The Economic Times
Akash Podishetti

World Bank's IFC, HDFC AMC invest in Molbio Diagnostics' Rs 281 crore IPO anchor round

Molbio Molbio Diagnostics IFC IPO HDFC Mutual Fund Goa SBI Securities Swastika Investmart

World Bank Group's International Finance Corporation has returned as an anchor investor in India's mainboard IPO market after a gap of five years, investing Rs 20 crore in IPO-bound Molbio Diagnostics. The Goa-based point-of-care diagnostics company raised Rs 281 crore from anchor investors on Friday ahead of its public issue, which opens for subscription on August 10 and closes on August 12.

IFC, the private-sector investment arm of the World Bank Group, last participated as an anchor investor in an Indian IPO in June 2021, when it invested Rs 10 crore in Dodla Dairy. According to news reports, IFC stayed invested in Dodla Dairy for three years until 2024.

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