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Mysore-based Kaynes Technology had on Wednesday said it has collected Rs 257 crore from anchor investors ahead of its initial share sale. Nomura, Goldman Sachs, ICICI Prudential Mutual Fund (MF), Axis MF, Aditya Birla Sun Life MF, Tata MF, HDFC MF and WhiteOak Capital are among the anchor investors.
The IPOs of Archean Chemical and Five Star Business will be open for public subscription on November 9 and close on November 11, while that of Kaynes Technology and Inox Green are set to kick off on November 10 and November 11 respectively, as per the red herring prospectus (RHP).
This came after four companies launched their initial share-sales last week. Of these, two IPOs -- maker of snacks and sweets Bikaji Foods International and Global Health Ltd which operates hospitals under the Medanta brand -- are currently underway. Get more Markets News and Business News on Zee Business.
The primary market continues to be a busy one with four firms, including Archean Chemical Industries and Five Star Business Finance, are set to float their IPOs next week.
Get latest articles and stories on Latest News at LatestLY. Kaynes Technology India Limited (KTIL) has received capital markets regulator Sebi's go ahead to raise funds through an Initial Public Offering (IPO). Latest News | Kaynes Technology Gets Sebi's Go Ahead to Float IPO.
The OFS comprises sale of up to 37 lakh equity shares by promoter Ramesh Kunhikannan and up to 35 lakh equity shares by existing shareholder Freny Firoze Irani.