New Delhi: Non-banking finance company Acme Fintrade (India) Ltd on Tuesday said it has raised about Rs 38 crore from anchor investors, a day ahead of the launch of its initial share sale for public subscription.
According to a circular uploaded on the BSE website, the anchor investors to whom shares have been allotted are 3 Sigma Global Fund, Zeal Global Opportunities Fund, SB Opportunities Fund 1 and Vikas India EIF Fund 1.
The Udaipur-based company has allotted 31.35 lakh equity shares to anchor investors at Rs 120 per share, aggregating to Rs 37.62 crore, it said.
The company's Rs 132 crore IPO includes the latest issue of 1.1 crore equity shares. The issue, with a price band of Rs 114-120 per share, will open for subscription on June 19 and end on June 21.
Acme Fintrade is primarily engaged in providing rural and semi-urban-focused lending solutions to customers in four states – Rajasthan, Maharashtra, Madhya Pradesh and Gujarat. The company's portfolio includes vehicle finance and business finance products for small business owners.
Greatex Corporate Services Limited is the sole book-running lead manager to the issue. The company's shares will be listed on BSE and NSE.
According to a circular uploaded on the BSE website, the anchor investors to whom shares have been allotted are 3 Sigma Global Fund, Zeal Global Opportunities Fund, SB Opportunities Fund 1 and Vikas India EIF Fund 1.
The Udaipur-based company has allotted 31.35 lakh equity shares to anchor investors at Rs 120 per share, aggregating to Rs 37.62 crore, it said.
The company's Rs 132 crore IPO includes the latest issue of 1.1 crore equity shares. The issue, with a price band of Rs 114-120 per share, will open for subscription on June 19 and end on June 21.
Acme Fintrade is primarily engaged in providing rural and semi-urban-focused lending solutions to customers in four states – Rajasthan, Maharashtra, Madhya Pradesh and Gujarat. The company's portfolio includes vehicle finance and business finance products for small business owners.
Greatex Corporate Services Limited is the sole book-running lead manager to the issue. The company's shares will be listed on BSE and NSE.
