Brigade Hotel Ventures Limited has allotted, 3,60,81,000 Equity Shares to 17 anchor investors and raised ₹ 324.72 crores ahead of company’s proposed IPO at the upper price band of ₹ 90 per equity share with face value of ₹ 10 per share (including share premium of Rs 80 per equity share).
Out of the total allocation of 3,60,81,000 Equity Shares to the Anchor Investors, 2,54,88,636 Equity Shares (i.e. 70.64% of the total allocation to Anchor Investors) were allocated to 6 domestic mutual funds through a total of 12 schemes.
The anchor book saw participation from a wide variety of marquee investors, including SBI Mutual Fund, Franklin India Mutual Fund, 360 One Mutual Fund, Axis Mutual Fund, Motilal Oswal Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Nuvama Mutual Fund to name a few.
JM Financial Limited and ICICI Securities Limited are the Book Running Lead Managers to the issue.
Please find appended the link and the stock exchange intimation letter for your reference.
Link:https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20250723-48