NEW DELHI: It services firm Happiest Minds Technologies has raised Rs 316 crore from anchor investors, ahead of its initial public offering that opens on Monday.
Some of the anchor investors include Government of Singapore, Goldman Sachs, Kuwait Investment Authority, Nomura Funds Ireland, Jupiter India and Pacific Horizon Investment.
A total of 25 anchor investors have been allotted 1,90,30,541 equity shares at the upper price band of Rs 166 per scrip. At this price, the company mopped up Rs 315.9 crore, Happiest Minds said in a statement.
The IPO will open for subscription on September 7 and close on’ September 9. The price band of the offer has been fixed at Rs 165 to Rs 166 per equity share.’
The offer comprises a fresh issuance of shares aggregating up to Rs 110 crore and an offer for sale of up to 3.56 crore equity shares.
The company’s promoter Ashok Soota will offer 8,414,223 equity shares and CMDB-ll (JP Morgan Asset Management) will offer 27,249,362 scrips through the offer-for-sale.