Dilip Buildcon raises ₹196 cr from anchors

Our Bureau Chennai | Updated on January 18, 2018 Published on July 29, 2016

Dilip Buildcon on Friday raised ₹196 crore from anchor investors ahead of the public issue. The company allotted 89.585 lakh shares at ₹219 apiece to 10 anchor investors.

The anchor investors include SmallCap World Fund, American Funds Insurance Series, Abu Dhabi Investment Authority, Nomura Singapore, Grandeur Peak Emerging Markets, DB International (Asia), HDFC Trustees Company and IDFC Infrastructure Fund.

IPO opens on Monday

The initial public offering of Bhopal-based Dilip Buildcon will open for subscription on August 1 and will close on August 3. The IPO is a fresh issue of ₹430 crore, and OFS of over 1.02 crore shares in a price band of ₹214-219 a share, amounting to a total offer size of ₹655 crore at the upper end of the price band.

The face value of each share is ₹10.

Published on July 29, 2016
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