CL Educate raises Rs 72 cr via anchor allotment
CL Educate, a diversified and integrated technology-enabled provider of education products, services, content and infrastructure, has raised Rs 71.69 crore via anchor investors.
According to a release issued, CL Educate issued 14.28 lakh shares to anchor investors at Rs 502 per share, the upper end of the price band, totalling to Rs 71.69 crore. The anchor investors include HDFC Mutual Fund, DSP Blackrock, Sundaram MF, Canara HSBC OBC Life Insurance, HDFC Standard Life, Principal MF, ICICI Lombard General Insurance, Ocean Dial Gateway and Ashoka.
CL Educate is planning an IPO of up to 47.6 lakh shares, consisting of a fresh issue of 21.8 lakh shares and an offer for sale of up to 25.79 lakh shares. The price band for the offer is fixed from Rs 500 to Rs 502 per share. The offer will constitute 33.61% of the post offer paid-up equity share capital of the company. Kotak Mahindra Capital Company is the sole book running lead manager to the issue which opens on March 20 and closes on March 22.
Disclaimer: Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Konkanworld.com will not be responsible for any defamatory message posted under this article. Please note that under 66A of the IT Act, sending offensive or menacing messages through electronic communication service and sending false messages to cheat, mislead or deceive people or to cause annoyance to them is punishable. It is obligatory on Konkanworld.com to provide the IP address and other details of senders of such comments, to the authority concerned upon request. Hence, sending offensive comments using Konkanworld.com will be purely at your own risk, and in no way will Konkanworld.com be held responsible. Similarly, Konkanworld.com reserves the right to edit / block / delete the messages without notice any content received from readers.