Smartworks Raises INR 174 Cr From Anchor Investors Ahead of IPO

Smartworks Raises INR 174 Cr from Anchor Investors Ahead of IPO

Proceeds will be used to repay debt, fund capital expenditure, and cover general corporate expenses.

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Smartworks raises ₹173.64-Cr from Anchor Investors ahead of IPO launch | Business Review Live | Business News, Reviews | Entrepreneur Stories, Interviews

Smartworks Coworking Spaces has secured ₹173.64 crore from anchor investors ahead of its upcoming IPO. In a regulatory filing on Wednesday, the company confirmed the allocation of 42,66,378 equity shares at ₹407 per share to anchor investors. Among the allocations, 32.04% went to three domestic mutual funds—Tata Mutual Fund, Baroda BNP Paribas Mutual Fund, and Trust Mutual Fund—through four different schemes. Other notable investors include Axis…

Smartworks IPO: Raises ₹173.64 Cr From Anchor Investors

Smartworks IPO Gains Momentum with ₹173.64 Crore Anchor Investment Gurugram-based coworking space provider Smartworks has secured… The post Smartworks IPO: Raises ₹173.64 Cr From Anchor Investors appeared first on TIme News.

Smartworks Coworking Raises Rs 174 Crore From Anchor Investors

Smartworks Coworking Spaces Ltd. raised Rs 174 crore from anchor investors on Wednesday ahead of its initial public offering. The company allotted 42.7 lakh shares at Rs 407 apiece to 13 anchor investors. Domestic entities mopped up the biggest stake of the anchor allocation, with Tata, Axis, Aditya Birla, and Baroda BNP Paribas mopping up a nearly 48% cumulative portion. Tata Mutual Fund - Tata Small Cap Fund, Axis New Opportunities AIF - Serie…

Smartworks raises Rs 173.64 cr from anchor investors ahead of IPO

New Delhi, Jul 9 (PTI) Smartworks Coworking Spaces has raised Rs 173.64 crore from anchor investors ahead of its initial public offer (IPO). In a regulatory filing on Wednesday, Smartworks finalised the allocation of 42,66,378 equity shares to anchor investors at Rs 407 per equity share. Out of the total allocation of 42,66,378 shares to the anchor Investors, 32.04 per cent were allocated to three domestic mutual funds, which have applied throug…