The company has allocated 56,58,201 equity shares to 54 entities at an average price of Rs 1,035 apiece, according to a circular uploaded on the BSE website.
Ahead of IPO, RR Kabel collects over Rs 585 cr from anchor investors business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
RR Kabel IPO: The global private equity firm TPG-backed company has finalised allocation of 56,58,201 equity shares to anchor investors at a price of Rs 1,035 per share.
R R Kabel IPO: The price band of the offer has been fixed at Rs 983 to Rs 1,035 per equity share. The floor price is 196.60 times and the cap price is 207.00 times the face value of the equity shares.
Foreign institutional investors (FII) sold shares worth Rs 224.22 crore, while domestic institutional investors (DII) bought Rs 1,150.15 crore worth of stocks on September 8, provisional data from the National Stock Exchange (NSE) showed.