GTPL Hathway raises Rs 145 crore from anchor investors

MUMBAI: GTPL Hathway on Tuesday raised Rs 145 crore by allotting shares to anchor investors ahead of its initial public offering, which opens on June 21.

According to a company statement, it allotted a total of 85.55 lakh shares to anchor investors at Rs 170 per share. GTPL Hathway has priced its shares in a price band of Rs 167-170 per share for the IPO.

Institutional investors who participated in the anchor book allocation included Acacia Banyan Partners (30.94%), Government Pension Fund Global (18.56%), BNP Paribas Equity Fund (5.03%), BNP Paribas Long Term Equity Fund (2.92%), BNP Paribas MidCap Fund (5.85%), BNP Paribas Dividend Yield Fund (2.34%), BNP Paribas Balanced Fund (1.05%), HTCL-HDFC Prudence Fund (15.13%), DB International Asia (10.62%) and Vittoria Fund (7.56%).

The IPO will open on Wednesday, June 21, 2017, and close on Friday, June 23, 2017.