Go Digit General Insurance Ltd. has raised Rs 1,176 crore from anchor investors, ahead of its initial public offering. The company allotted 4.32 crore shares at Rs 272 apiece to 56 anchor investors.
The American multinational Fidelity Investments-backed fund got the highest allocation of 7.95%.
Goldman Sachs Funds (5.31%), Abu Dhabi Investment Authority (5.31%), Custody Bank of Japan (4.25%) and Bay Pons Partners (4.11%) are among the other marquee investors in the pre-IPO round fundraising.
Eleven domestic mutual funds have applied through a total of 23 schemes, the company said in an exchange filing on Tuesday. They have collectively netted 33.5% of the anchor portion of Rs 204 crore.
ICICI Prudential Mutual Fund, SBI Mutual Fund, Mirae Asset and Axis Mutual Fund are among the key investors in this category.
The issue’s book-running lead managers include ICICI Securities Ltd., Morgan Stanley, Axis Capital, HDFC Bank Ltd., IIFL Securities Ltd., and Nuvama Wealth Management.