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Krsnaa Diagnostics raises Rs.537-Cr from anchor investors ahead of IPO

MyBigPlunge  

Krsnaa Diagnostics has collected INR 537 crore from anchor investors ahead of its initial share sale, which opens for public subscription on Wednesday. The company has allocated 56,28,937 equity shares to 44 anchor investors at INR 954 apiece, aggregating to INR 537 crore. Avendus, HSBC Global, Nomura, HDFC Life Insurance Company, Max Life Insurance Company, Reliance General Insurance Company, Elara India Opportunities Fund, Tata Mutual Fund (MF), ICICI Prudential MF, SBI MF and Kotak MF are among the anchor investors. The IPO comprises fresh issue of equity shares worth INR 400 crore and an offer for sale (OFS) of up to 8,525,520 equity stocks by its existing shareholders. As part of the OFS, Phi Capital will sell 16 lakh equity shares, Kitara will offload 33,40,713 equity shares, Somerset Indus Healthcare Fund I Ltd will offer 35,63,427 equity shares and Lotus Management Solutions will sell 21,380 equity shares.