Eros International Media has allocated 3.6 million shares to anchor investors in the company's initial public offering (IPO). The company has received a commitment for Rs 59.40 crore from anchor investors, the company informed the stock exchanges.The shares would be allocated to the anchor investors at Rs 165 per share.
The anchor investors are Citigroup Global Markets Mauritius Private Limited (15.99 per cent), the India Fund Inc (16.84 per cent), IDFC Tax Advantage (ELSS) fund (1.66 per cent), IDFC small- and mid-cap equity fund (18.37 per cent), Indea Capital Pte Limited A/c Indea Ankam Master Fund (1.68 per cent), Lloyd George Investment Management (Bermuda) Limited A/c LG India Fund Limited (11.78 per cent), Indus Capital Adviser (UK) LLP A/c Indus India Fund (Mauritius) Limited (16.84 per cent) and Lockheed Martin Corporation Master Retirement Trust (16.84 per cent).
Eros International plans to raise Rs 350 crore through this IPO, which opens today and closes on September 21. The company has fixed a price band of Rs 158 -175 per equity share for the issue. The issue has been graded by CARE as 4/5, indicating above average fundamentals.