Vidya Wires Ltd. has raised Rs 90 crore from anchor buyers on Tuesday, forward of its preliminary public providing. The corporate allotted 1.73 crore shares at Rs 52 apiece to 10 anchor buyers.
All of the names within the anchor funding record had been three home mutual funds that utilized by way of a complete of seven mutual fund schemes. Mutual funds have mopped up over Rs 70 crores.
Bandhan Small Cap Fund holds the very best allocation among the many lot with 26.67%, carefully adopted by Financial institution of India Small Cap Fund with 21.11%.
Financial institution of India Enterprise Cycle Fund has additionally purchased 5.55% stake within the IPO. Alchemy Rising Leaders of Tomorrow additionally emerges as one of many high anchor buyers with 11.11% stake within the firm.
LIC Mutual Fund schemes have additionally purchased over 23% stake collectively throughout varied schemes. The LIC MF Infrastructure Fund purchased 9.44% stake whereas LIC MF Manufacturing Fund purchased 8.33% of the portion.
LIC MF Small Cap Fund and LIC MF Worth Fund purchased 4.44% and a pair of.22% respectively forward of the general public IPO launch.
Names like MAIQ Progress Scheme and Maybank Securities, additionally purchased 5.56% stake every.
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