Rentomojo to raise Rs 376 crore with BlackRock and Goldman Sachs in anchor round ahead of Sept 9 IPO
Rentomojo secured anchor funding from major investors including BlackRock and Goldman Sachs Funds before its initial public offering opens for subscription on September 9.
Rentomojo has raised Rs 376 crore from anchor investors to finance its upcoming initial public offering. The company allotted 93 lakh shares to 41 anchor investors at a price of Rs 404 per share. This allocation included a face value of Rs 1 and a share premium of Rs 403. Sixty point four one lakh shares were allotted to 16 mutual funds through 30 specific schemes, representing sixty-four point nine percent of the total anchor investor allocation. Major domestic and global firms joined the book, including BlackRock Global Funds India Fund and Goldman Sachs Funds India Equity Portfolio. The IPO subscription period runs from September 9 to September 11. Market conditions remain active with several other primary market offerings scheduled for this week.
