Fruit drinks maker Manpasand Beverages Ltd today said it has alloted 5.625 million equity shares at Rs 320 per share aggregating to Rs 180 crore to 11 anchor investors.
The company has raised Rs 180 cr from anchor investors which include Goldman Sachs, Birla Sun Life Insurance, ICICI Prudential MF, Morgan Stanley, Bharti AXA Life, SBI MF, UTI MF, BNP Paribas, Shinhan BNPP, Amundi Funds & Ashoka Pte, a statement issued here said.
The IPO, which opens on June 24, would close on June 26. The price band fixed from Rs 290 to Rs 320 per equity shares.
As per the draft documents, the company plans to raise up to Rs 400 crore through an initial share plan.
The firm would use nearly Rs 153 crore from the IPO proceeds for setting up a new manufacturing facility in Haryana.
In addition, the funds would be utilised to set up a corporate office at Vadodara, modernisation of existing facilities in Vadodara and Varanasi, repayment of loans and other general corporate purposes.
