Spandana-Sphoorty-IPO-Fund-Raised-From-Anchor-Investors

Spandana Sphoorty Raised Rs. 360 Crore from 18 Anchor Investors

Microfinance lender Spandana Sphoorty Financial on August 2 said it has raised Rs 360.28 crore from 18 anchor investors by allotting 42,08,886 shares at a price of Rs 856, the upper band of Spandana Sphoorty IPO that opens on August 5.

List of Anchor Investors:

  1. GOLDMAN SACHS INDIA LIMITED – 10.5%
  2. WASATCH INTERNATIONAL OPPORTUNITIES FUND – 4.6%
  3. WASATCH FRONTIER EMERGING SMALL COUNTRIES FUND – 2.4%
  4. DESTINATIONS INTERNATIONAL EQUITY FUND, A SERIES OF BRINKER CAPITAL DESTINATIONS – 3.5%
  5. AVENDUS ABSOLUTE RETURN FUND – 6.3%
  6. THELEME MASTER FUND LIMITED – 3.9%
  7. ADITYA BIRLA SUNLIFE INSURANCE COMPANY LIMITED – 3.9%
  8. CITIGROUP GLOBAL MARKETS MAURITIUS PRIVATE LIMITED – 3.9%
  9. BNP PARIBAS ARBITRAGE – 3.9%
  10. WELLS FARGO EMERGING MARKETS EQUITY FUND – 10.5%
  11. FLORIDA RETIREMENT SYSTEM – WELLS CAPITAL MANAGEMENT INC – 2.5%
  12. THE MASTER TRUST BANK OF JAPAN, LTD. AS TRUSTEE FOR GOVERNMENT PENSION INVESTMENT FUND MTBJ400045836 – 2.3%
  13. ICICI PRUDENTIAL LIFE INSURANCE COMPANY LTD. – 10.5%
  14. EDELWEISS ALTERNATIVE INVESTMENT OPPORTUNITIES TRUST – EDELWEISS CROSSOVER OPPORTUNITIES FUND – 4.4%
  15. BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED – 10.5%
  16. HSBC GLOBAL INVESTMENT FUNDS – ASIA EX JAPAN EQUITY SMALLER COMPANIES – 6.3%
  17. EDELWEISS ALPHA FUND SCHEME I – 3.9%
  18. EDELWEISS ALTERNATIVE INVESTMENT OPPORTUNITIES TRUST – EDELWEISS CROSSOVER OPPORTUNITIES FUND – SERIES II – 6.1%.

The microfinance company has priced its shares for initial public offering in the range of Rs 853 to Rs 856 apiece which if subscribed at the top end will give it a market valuation of Rs 5,500 crore.