Kusumgar raises Rs.194 crore from anchor investors ahead of IPO opening tomorrow
New Delhi, July 7 -- Kusumgar Limited, which is a manufacturer of woven, coated, and laminated synthetic fabrics, referred to as "engineered fabrics," has garnered Rs.193.9 crore from anchor investors ahead of its initial public offering.
The company informed the bourses that it allocated 4,628,877 equity shares at Rs.419 per share to anchor investors.
Some of the marquee institutions that participated in the anchor include BlackRock Global Funds-India Fund; Goldman Sachs Funds-Goldman Sachs India Equity Portfolio; and Kotak Mahindra Life Insurance Company.
Amongst equity-oriented schemes, the company has allocated shares to SBI Comma Fund, ICICI Prudential ELSS Tax Saver Fund, Tata Flexi Cap Fund, and Mirae Asset Infrastructure Fund....
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