Solar-powered agricultural water pump systems provider GK Energy on Thursday said it has collected over Rs 139 crore from anchor investors, a day before its initial share-sale opening for public subscription.
Some of the institutions that participated in the anchor round included HSBC Mutual Fund (MF), Citigroup Global Markets Mauritius, Motilal Oswal MF, Bandhan MF, Pinebridge Global Funds, Societe Generale, according to a circular uploaded on the BSE website.
The company has allotted 91.03 lakh equity shares to 13 funds at Rs 153 apiece, aggregating the transaction size to Rs 139.27 crore, it added.
The Rs 465-crore IPO will be open for public subscription from September 19 to 23. The price band has been fixed at Rs 145-153 per share.
The Pune-based firm’s offering is a combination of fresh issue of shares worth Rs 400 crore and an offer-for-sale (OFS) of 42 lakh equity shares, worth Rs 65 crore at the upper end, by selling shareholders.
Proceeds from the fresh issue to the exte
