The company allotted a total of 66.16 lakh equity shares to the anchor investors, at a price of Rs 186 each (including a share premium of Rs 176 per share), aggregating to Rs 123 crore.
The anchor investors are -- SBI Mutual Fund, IDFC Mutual Fund, ICICI Prudential Mutual Fund, HDFC Trustee Company Ltd, Birla Sunlife Trustee company and Canara Robeco Mutual Fund, the company said in a statement.
Maharashtra-based Precision Camshafts makes over 150 varieties of camshafts for small and mid-sized passenger vehicle engines world over.
The company also proposes to set up two new machine shops at Solapur for ductile iron camshafts and assembled camshafts respectively, by fiscal 2017 and fiscal 2018.
SBI Capital Markets, HDFC Bank and India Infoline are the book running lead managers to the issue.