The Indian Renewable Energy Development Agency Limited (IREDA) has raised a total of Rs 6.43 billion from anchor investors ahead of the launch of its initial public offering (IPO).
Some of the anchor investors in IREDA IPO are Goldman Sachs, SBI Banking and Financial Services Fund, HDFC Mutual Fund, ICICI Prudential Midcap Fund, Nippon Life India AMC, Kotak India Equity Contra Fund, Aditya Birla Sunlife Mutual Fund, Goldman Sachs (Singapore), DSP Tax Saver Fund, BNP Paribas Arbitrage, Societe Generale, Gam Star Emerging Equity, White Oak Midcap Fund, Sundaram Mutual Fund, Copthall Mauritius Investment and others. IREDA IPO price band has been fixed at Rs 30 to Rs 32 per share.
The company plans to raise Rs 21.50 billion from the public issue that comprises a fresh issue of 403.2 million shares aggregating to Rs 12.90 billion and an offer for sale of 268.8 million shares aggregating to Rs 8.60 billion.
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