Sheela Foam issue opens for public today; raises Rs 153 cr from anchors

India Infoline News Service | Mumbai | November 29, 2016 07:34 IST

Sheela Foam allots 20.96 lakh equity shares at Rs 730 per share aggregating to Rs 153 crore to 14 Anchor Investors.

Sheela Foam Ltd. allots 20.96 lakh equity shares at Rs 730 per share aggregating to Rs 153 crore to 14 Anchor Investors.

In spite of challenging market environment, due to the on-going demonetisation scenario, the company saw spectacular response from anchor investors, who bade for more than 10-times the number of shares from the anchor book.

The anchor investors include leading international & domestic investors namely: Fidelity, Goldman Sachs, East Spring, HDFC MF, SBI MF, ICICI Pru AMC, Premji Invest, IDFC MF and Sundaram MF.

This has a reference to the Anchor Issue of Sheela Foam Ltd. which opened and closed today.

A leader in Polyurethane (PU) Foam, Sheela Group is a multi-billion rupee entity. It has a nationwide presence in manufacturing PU Foam with a global marketing perspective and an impeccable track record, since 1971. Sheela Group is committed to a one-point programme that of bringing comfort, convenience and luxury to enhance the lifestyle of a modern man.
 

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