Karbon steel Engg raises Rs17 cr from anchor investors; IPO opens today
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NEW DELHI: Engineering solutions provider Karbon steel Engineering has mobilised nearly Rs17 crore from anchor investors, ahead of its IPO which will open for subscription on September 8.
Subhkam Ventures I, Vikasa India EIF I Fund, Nav Capital VCC, Aarth AIF Growth Fund, Nova Global Opportunities, Ever grow Capital Opportunities Fund, Sunrise Investment Trust, and Invicta Continuum Fund I, among others, were the entities that participated in the anchor round, according to a circular uploaded on the BSE website.
As per the circular, Karbon steel Engineering has allotted a little over 10.6 lakh equity shares to 10 entities at Rs159 per share. This aggregates the transaction size to Rs16.86 crore. The Rs59.30-crore initial public offering (IPO) will conclude on September 11.
The company has fixed the price band at Rs151-159 per share.
