IPO
Realtor Signature Global raises Rs.319-Cr from anchor investors
Realty firm Signature Global, which is launching its maiden public issue today, has raised INR 318.5 crore from anchor investors including Nomura, who subscribed to 82,72,700 equity shares at INR 385 per equity share. The Nomura Trust and Banking Co Ltd bought the maximum of 18,70,094 shares. Kotak Mahindra Trustee Co Ltd, Kotak India EQ Contra Fund, Quant Mutual Fund, Nippon India Equity Opportunities AIF, Bandhan Core Equity Fund, Morgan Stanley Asia, Societe Generale, BNP Paribas Arbitrage and Goldman Sachs Singapore are other major investors. According to the draft red herring prospectus (DRHP), the total size of the IPO is INR 730 crore, comprising fresh issue of INR 603 crore and offer for sale (OFS) of INR 127 crore. The proceeds will be used to reduce debt.
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