On-line journey firm Yatra On-line, which is able to open its Preliminary Public Providing (IPO) on Friday, raised Rs 348.75 crore from anchor traders.
In keeping with a Moneycontrol report, 33 anchor traders, together with Goldman Sachs, Morgan Stanley, BNP Paribas Arbitrage, Elara India Alternatives Fund, Tata Mutual Fund, Mirae Asset and ICICI Prudential Mutual Fund invested within the firm forward of the IPO.
The corporate finalised the allocation of two,45,59,860 shares to anchor traders at Rs 142 per share. The corporate had fastened the worth band for IPO at Rs 135-142 per fairness share.
Six home mutual funds have been allotted 1,48,59,390 fairness shares, Moneycontrol reported.
The IPO will open for subscription on September 15 (Friday), and can shut on September 20. Traders can bid for no less than 105 fairness shares and in multiples of 105 fairness shares thereafter.
The IPO includes recent issuance of fairness shares price Rs 602 crore and an Provide for Sale (OFS) of as much as 12,183,099 shares.
On the higher worth band of the difficulty, the IPO will fetch as much as Rs 775 crore.
“Proceeds from the recent concern might be utilized to the tune of Rs 150 crore for strategic investments, acquisitions, and inorganic progress.
“One other significant slice, Rs 392 crore for funding in buyer acquisition and retention, know-how, and different natural progress initiatives and basic company functions,” Yatra On-line CEO Dhruv Shringi had stated earlier.
—With company inputs
