Hindustan Media IPO anchor investors roped in at Rs 166/share

MUMBAI: Hindustan Media Ventures, a subsidiary of HT Media, has received commitment of Rs 46.10 crore from 13 anchor investors it has roped in for its initial public offering.

The IPO committee has finalised allocation of 27,77,120 equity shares to anchor investors at a price of Rs 166 per share. These investors include:

- Reliance Equity Opportunities Fund (843,360 shares)
- LG India Plus Fund (210,880 shares)
- Canara Robeco Force Fund (40,960 shares)
- Canara Robeco Emerging Equities (100,000 shares)
- Canara Robeco Monthly Income Plan (100,000 shares)
- NTUC Income Insurance Co-operative (90,360 shares)
- PI Opportunities Fund – I (271,120 shares)
- State Bank of India (277,080 shares)
- India Advantage (Offshore) Fund (271,080 shares)
- Birla Sun Life MIP II - Saving 5 Plan (120,480 shares)
- Birla Sun Life India Gennext Fund (90,360 shares)
- Birla Sun Life Equity Fund (301,200 shares) and
- Birla Sun Life New Millennium Fund (60,240 shares).

The company plans to raise Rs 270 crore through the IPO. The proceeds will be used for setting up new publishing units; upgrading existing plant and machinery and prepayment of loans.

The book running lead managers to the issue are Edelweiss Capital and Kotak Mahindra Capital.