BLS Polymers, a manufacturer of polymer compounds for wires, cables and underground pipelines, on Monday raised Rs 76.5 crore through its anchor book ahead of the opening of its initial public offering (IPO) for public subscription.
The company’s Rs 255-crore IPO will open for subscription on October 27 and close on October 29. The issue comprises a fresh issue of 1.7 crore equity shares, with the price band set at Rs 142–150 per share.
BLS Polymers has allotted 51 lakh equity shares to six institutional investors through the anchor book at the upper end of the price band.
Nakshatra Asset Ventures emerged as the largest anchor investor, subscribing to 17.85 lakh equity shares through two schemes—Bharat Vantage Fund – Scheme III and Nakshatra Bharat Vantage Fund—for a total of Rs 26.78 crore.
Vikasa India EIF I Fund acquired 9.79 lakh shares worth Rs 14.68 crore. Meanwhile, Venus Investments, Radiant Global Fund and Pine Oak Global Fund each purchased shares worth Rs 10 crore.