Foreign and Domestic Institutions who participated in the anchor were AG DYNAMIC FUNDS LIMITED, TRUST MUTUAL FUND – TRUST MF FLEXI CAP FUND, MAYBANK SECURITIES PTE LIMITED, NORTH STAR OPPORTUNITIES FUND VCC, RESONANCE OPPORTUNITIES FUND, BRIDGE INDIA FUND, COGNIZANT CAPITAL DYNAMIC OPPORTUNITIES FUND.
FinTech BizNews Service
Mumbai, October 07, 2024: Garuda Construction and Engineering Limited, a growing civil construction company provide end-to-end civil construction for residential, commercial, residential cum commercial, infrastructure and industrial projects and additional services for infrastructure and also hospitality projects, has garnered Rs. 75 crores from anchor investors ahead of its initial public offering that opens for public subscription on Tuesday, October 08, 2024.
The company informed the bourses that it allocated 78,95,138 equity shares at Rs. 95 per share on Monday, October 07, 2024, to anchor investors.
Foreign and Domestic Institutions who participated in the anchor were AG DYNAMIC FUNDS LIMITED, TRUST MUTUAL FUND – TRUST MF FLEXI CAP FUND, MAYBANK SECURITIES PTE LIMITED, NORTH STAR OPPORTUNITIES FUND VCC, RESONANCE OPPORTUNITIES FUND, BRIDGE INDIA FUND, COGNIZANT CAPITAL DYNAMIC OPPORTUNITIES FUND.
Out of the total allocation of 78,95,138 equity shares to the anchor investors, 10,52,685 equity shares were allocated to TRUST MUTUAL FUND – TRUST MF FLEXI CAP FUND domestic mutual fund amounting to Rs. 10 crore (approx.) i.e. 13.33% of the Total Anchor Book Size.
