Tuesday, December 07, 2021

RateGain raises ₹599 crores from Anchor Investors ahead of IPO

The Anand Rathi group company RateGain raised ₹599 crores from anchor investors on Decemner 06, 2021 Monday before the IPO. The RateGain IPO to open on December 07, Tuesday. The company allotted total of 14,090,136 equity shares to 34 Anchor investors at a upper price band ₹425. The anchor investors list includes 6 Mutual Funds through a total of 20 schemes. The company is going to raise ₹1335 crores. Check out the final list of RateGain Anchor Investors given below:

RateGain

RateGain Anchor Investors List:

The IPO Committee of the Board of Directors of the Company in their meeting held on December 6, 2021, in consultation with the Selling Shareholders, Kotak Mahindra Capital Company Limited, IIFL Securities Limited, Nomura Financial Advisory and Securities (India) Private Limited (Book Running Lead Managers), have finalized allocation of 14,090,136 Equity Shares, to Anchor Investors at Anchor Investor Allocation Price of Rs. 425/- per Equity Share (including a share premium of Rs. 424/- per Equity Share). The details are given below:
RateGain Anchor Investors List
RateGain Anchor Investors List
RateGain Anchor Investors List
RateGain Anchor Investors List
Source: BSEIndia

The RateGain IPO to open on 07 December and closes on 09 November 2021. The price band is fixed at ₹405 to ₹425. RateGain IPO application minimum bid is for 14 Shares (₹14,875) and maximum bid is 455 shares (₹193,375). The Book Running Lead Managers of the IPO are Kotak Mahindra Capital Company Limited, IIFL Securities Limited, and Nomura Financial Advisory and Securities.

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