Vidya Wires Ltd. has raised Rs 90 crore from anchor investors on Tuesday, ahead of its initial public offering. The company allotted 1.73 crore shares at Rs 52 apiece to 10 anchor investors. All the names in the anchor investment list was three domestic mutual funds that applied through a total of seven mutual fund schemes. Mutual funds have mopped up over Rs 70 crores.

IPO Size: Rs 300.01 crore, a combination of fresh issue and offer for sale.
Fresh Issue Component: Rs 5.27 crore.
Offer for Sale: Rs 294.74 crore.
Lot Size: 288 shares.
Lot Size Investment: Rs 2,09,664.
IPO Price Band: Rs 48 to Rs 52 per share.

Mutual Funds Mop Up Most Shares As Vidya Wires Raises Rs 90 Crore From Anchor Investors Ahead Of IPO

Vidya Wires Raises Rs 90 Crore from Anchor Investors Ahead of IPO

Vidya Wires Ltd. has successfully raised Rs 90 crore from anchor investors on Tuesday, marking a significant step ahead of its initial public offering (IPO). The company allotted 1.73 crore shares at Rs 52 apiece to 10 anchor investors.

Anchor Investors Allocations

Bandhan Small Cap Fund: 26.67% stake allocation, the highest among the lot.
Bank of India Small Cap Fund: 21.11% stake allocation, closely following Bandhan.
Bank of India Business Cycle Fund: 5.55% stake allocation in Vidya Wires' IPO.
Alchemy Emerging Leaders of Tomorrow: 11.11% stake allocation, making it one of the top anchor investors.
LIC Mutual Fund schemes: Over 23% stake collectively across various schemes.
LIC MF Infrastructure Fund: 9.44% stake allocation.
LIC MF Manufacturing Fund: 8.33% stake allocation.
LIC MF Small Cap Fund: 4.44% stake allocation.
LIC MF Value Fund: 2.22% stake allocation.
MAIQ Growth Scheme and Maybank Securities: 5.56% stake each.