Aequs raises ₹414 cr from anchor investors; Vidya Wires ₹90 cr ahead of IPO

Aequs and Vidya Wires Raise Funds from Anchor Investors Ahead of IPOs

Aequs has successfully raised ₹413.92 crore from anchor investors as part of its IPO exercise. The company has allotted nearly 3.34 crore shares to anchor investors at ₹124 a share.

• Marquee Investors: The anchor book was participated by marquee domestic and global institutional investors and large Indian mutual fund houses, including SBI Mutual Fund, HDFC MF, ICICI MF, Axis MF, Motilal Oswal MF, BlackRock Global Funds, Bank of India MF, Steadview Capital, Citigroup, and Societe Generale.
• Book Running Lead Managers: JM Financial Ltd, IIFL Capital Services Ltd, and Kotak Mahindra Capital Company Ltd are the book running lead managers to the issue.

Aequs IPO Details

Aequs Ltd, a precision component manufacturer operating within a single SEZ for the aerospace segment, has set a price band of ₹118-124. The issue comprises a fresh issue of ₹670 crore and an offer-for-sale of ₹251.8 crore.

Vidya Wires Raises ₹90 Crore from Anchor Investors

Vidya Wires Ltd, manufacturers of winding and conductivity products for a range of critical industries, has raised ₹90 crore from anchor investors as the company allotted 1.73 crore shares to anchor investors ₹52 a share.

• Anchor Investors: Among the anchor investors were LIC Mutual Fund, Bandhan Mutual Fund, Bank of India MF, Alchemy, MAIQ, and Maybank Securities.
• Vidya Wires IPO Details: Vidya Wires Ltd has priced its issue at ₹48-52. The IPO includes a fresh issue of ₹274 crore and an offer-for-sale of approximately ₹26 crore.

• Book Running Lead Managers: Pantomath Capital Advisors Private Ltd and IDBI Capital Markets & Securities Ltd are the book running lead managers to the offer.