NBFC Five Star's IPO attracts Rs.588-Cr from anchor investors

Chennai-based Five Star Business Finance has raised INR 588 crore from 16 anchor investors ahead of its IPO. The NBFC had allocated 12.4 million shares at INR 474 apiece to anchor investors that included Capital Research, Fidelity Investments, ADIA, Norges Bank, Carmignac Gestion, White Oak, Malabar Investments, Bay Capital and Segantii, Enam, SBI Life, HDFC MF, Baroda BNP, Edelweiss MF, Mirae, and Gee Cee Ventures among others.