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DAM Capital Advisors Raises Rs 252 Crore From Anchor Investors Prior To IPO Launch

DAM Capital Advisors Ltd. raised Rs 251.5 crore from anchor investors on Wednesday ahead of its initial public offering. The company allotted approximately 88.9 lakh shares at Rs 283 apiece to 33 anchor investors. Five funds, including HDFC Mutual Fund-HDFC Dividend Yield Fund and Nippon Life India Trustee Ltd-A/C Nippon India Small Cap Fund, got the highest allocation. Malabar India Fund Ltd., Societe Generale-ODI and Aditya Birla Sun Life Insurance Co. got the second highest allotment.

Read moreDAM Capital Advisors Raises Rs 252 Crore From Anchor Investors Prior To IPO Launch
Source: bloombergquint.com
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