Senores Pharmaceuticals IPO raises ₹261 crore from anchor investors ahead of public issue
Live MintNew Delhi, Dec 19 Senores Pharmaceuticals Ltd on Thursday said it has secured nearly ₹261 crore from anchor investors, ahead of its initial share-sale opening for public subscription. ICICI Prudential Mutual Fund, Mahindra Manulife Mutual Fund, Aditya Birla Sun Life Insurance Company, SBI General Insurance Company, and Troo Capital are among the anchor investors, according to a circular uploaded on the BSE website. According to the circular, Senores Pharmaceuticals has allotted about 66.66 lakh equity shares to 20 funds at ₹391 apiece, aggregating the transaction size to ₹260.63 crore. The Ahmedabad-based company's IPO is a combination of fresh issuance of shares worth ₹500 crore and an offer for sale of up to 21 lakh shares valued ₹82.11 crore, by promoters and other selling shareholders, at the upper end of the price band.