Shalby garners Rs 150 cr from anchor investors 05/12/2017

Shalby garners Rs 150 cr from anchor investors
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Shalby Ltd raised over Rs 150 crore from anchor investors, ahead of its initial share-sale, which opens today, reported PTI.. The company's IPO committee has finalised allocation of 60,70,150 equity shares to 11 anchor investors at Rs 248 apiece, also the upper price band for the offer, Shalby informed to the stock exchanges. At this price, the total amount works out to be Rs 150.54 crore, it added. Among the anchor investors are Goldman Sachs, Citigroup, Reliance Nippon Life Insurance Company, Nomura and SBI Life Insurance Company. Shalby's initial public offer (IPO) will open for public subscription today and close on December 7. The IPO comprises a fresh issue of equity shares aggregating up to Rs 480 crore and an offer for sale of up to 10 lakh equity shares by the selling shareholder. The price band has been fixed at Rs 245-248 per share. At the upper end, the public issue would fetch Rs 504 crore. Proceeds of the IPO will be utilised towards repayment of borrowings availed by the company besides purchasing medical equipment for existing, recently set-up as well as upcoming hospitals.

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