New Delhi, Aug 27 (PTI) Chauffeur-driven mobility provider Ecos (India) Mobility & Hospitality Ltd on Tuesday said it has raised Rs 180.36 crore from anchor investors a day before its initial share sale opening for public subscription. WhiteOak Capital Mutual Fund (MF), ICICI Prudential MF, Aditya Birla Sun Life MF, Nippon India MF, Troo Capital, Acacia Banyan Partners, Invesco Indio MF, Motilal Oswal MF, Bandhan MF, Edelweiss MF, and Tata MF were the anchor investors, according to a circular uploaded on the BSE website.
Franklin Templeton India MF, OptiMix Global Emerging Markets Share Trust and Nomura India also participated in the anchor round. The company has allocated 54 lakh shares to 19 entities at Rs 334 apiece, aggregating the transaction size to Rs 180.36 crore, it showed.
The Rs 601-crore initial initial public offering (IPO) will open for public subscription on Wednesday and will conclude on Friday. The price band has been set at Rs 318-334 a share. The company's maiden public issue is entirely an offer for sale (OFS) of 1.
8 crore equity shares worth Rs 601 crore, at the upper end of the price band, by promoters -- Rajesh Loomba and Aditya Loomba -- with no fresh issue component. Since it is an OFS, the Delhi-based firm will not receive any proceeds from the IPO and the money will go to promoters selling shares. Half of the issue size has been reserved for qualified institutional investors, 35 per cent for retail investors and the remaining 15 per cent for non-ins.