Turtlemint raises Rs 397 crore from anchor investors
The company allotted 2.61 crore equity shares to anchor investors at Rs 152 apiece, the upper end of its IPO price band.
Explore the latest news, in-depth reports, and executive analysis tagged with #Anchor Investors.
The company allotted 2.61 crore equity shares to anchor investors at Rs 152 apiece, the upper end of its IPO price band.
Of the total anchor allocation, 57% was allotted to seven domestic mutual funds across 13 schemes, accounting for Rs 158.32 crore.
Out of the total allocation of 3.52 crore equity shares to the anchor investors, 76.74 lakh equity shares were allocated to two domestic mutual funds through a total of 4 schemes.
Nearly 47% of the total anchor allocation went to 12 domestic mutual funds across around 30 schemes.
The anchor round saw participation from 17 domestic mutual funds, including HDFC, Kotak, SBI and Axis Bank.