The Rs 800-crore IPO is entirely an offer for sale of shares worth Rs 710 crore by Evergraph Holdings Pte Ltd and shares to the tune of Rs 90 crore by KA Joseph.
New Delhi: SJS Enterprises on Friday said it has raised Rs 240 crore from anchor investors ahead of its initial share-sale, which opens for public subscription on Monday. The company has decided to allocate a total of 44,28,043 equity shares to 18 anchor investors at Rs 542 apiece, aggregating the transaction size to Rs 240 crore, according to a circular uploaded on BSE website. Goldman Sachs, Nomura Singapore, Citigroup Global Markets Mauritius, Societe Generale, Axis Mutual Fund and Aditya Birla Sun Life Mutual Fund among others have been allocated shares.
he Rs 800-crore IPO is entirely an offer for sale of shares worth Rs 710 crore by Evergraph Holdings Pte Ltd and shares to the tune of Rs 90 crore by KA Joseph.
At present, Evergraph Holdings and KA Joseph owns 77.86 per cent and 20.74 per cent stake in the company, respectively.
The company will not receive any proceeds from the offer. The issue, with a price band of Rs 531-542 a share, will open on November 1 and conclude on November 3. Half of the issue size has been reserved for qualified institutional buyers, 35 per cent for retail investors and the remaining 15 per cent for non-institutional investors.