Ceigall India Mobilises Rs 375 Crore from Anchor Investors Ahead of IPO

Infrastructure company Ceigall India Ltd has raised Rs 375 crore from anchor investors ahead of its IPO. Key investors include ICICI Prudential MF, HDFC MF, and others. The IPO will open for subscription on August 1, with proceeds to be used for equipment purchase, debt payment, and corporate purposes.

Infrastructure company Ceigall India Ltd on Wednesday announced that it has secured Rs 375 crore from anchor investors, one day before its initial share-sale opens to the public.

Key anchor investors include ICICI Prudential Mutual Fund, HDFC Mutual Fund, and Axis Mutual Fund, among others, as per a circular on BSE's website. International investors such as Nomura and Morgan Stanley Asia have also been allocated shares.

The company has set aside 93.56 lakh shares for these 29 funds at Rs 401 per share, bringing the total transaction to Rs 375.2 crore. The public offering will open on August 1 with a price band of Rs 380 to Rs 401 per share, concluding on August 5.