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HD Fire Protect raises ₹213.1 crore from anchor investors before IPO
The anchor round allotted 78.64 lakh shares at ₹271 each, and the IPO is set to open on October 13.
HD Fire Protect Ltd raised ₹213.1 crore from anchor investors ahead of its initial public offering, with the company planning to list shares on the BSE and the National Stock Exchange on October 21, according to LiveMint Markets.
In the anchor allocation, the firm allotted 78.64 lakh equity shares to 25 funds at ₹271 apiece, the upper end of the IPO price band.
LiveMint Markets reported that domestic mutual funds received 56.52 lakh shares, or 71.88% of the total anchor allocation, across 17 mutual fund schemes.
The IPO opens for public subscription on October 13, with anchor participation including insurance investors such as Bajaj Life Insurance, Axis Max Life Insurance and Allianz Global Investors Fund, as well as domestic mutual funds such as Kotak Mutual Fund and HDFC Mutual Fund.