Bonfiglioli Transmissions collects ₹759 cr from anchor investors ahead of Oct 15 IPO
The company allotted 1.30 crore equity shares to anchor investors at ₹586 apiece, the upper end of the price band, according to a circular
Bonfiglioli Transmissions Ltd has successfully secured ₹759.26 crore from anchor investors, including BlackRock, Goldman Sachs Asset Management, and Abu Dhabi Investment Authority, ahead of its ₹2,534-crore initial public offering (IPO) scheduled for October 15. The anchor book attracted participation from leading domestic mutual funds, global asset managers, sovereign wealth funds, pension funds, insurance companies, and specialist investment managers.
The company's IPO will be an entirely Offer for Sale (OFS) of up to 4.32 crore equity shares by the promoter Bonfiglioli S.p.A., with no fresh issue component, meaning the company will not receive any proceeds from the offering.
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