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    Vikram Solar raises Rs 621 crore from anchor investors ahead of IPO

    Synopsis

    Vikram Solar garnered ₹621 crore from anchor investors on Monday, ahead of its initial public offering. Prominent institutional investors like Goldman Sachs Fund, Morgan Stanley India Investment Fund, and BNP Paribas participated in the anchor round. Several mutual funds, including UTI MF, Franklin Templeton MF, and Kotak Mahindra MF, were also allotted shares.

    Vikram SolarAgencies
    Also, UTI MF, Franklin Templeton MF, Kotak Mahindra MF, Nippon India MF and Edelweiss MF have been allotted shares in the anchor round.
    New Delhi: Vikram Solar on Monday mobilised ₹621 crore from anchor investors, a day before its initial share-sale opening for public subscription. The institutional investors who participated in the anchor round included Goldman Sachs Fund, Morgan Stanley India Investment Fund, BNP Paribas, HSBC, Citigroup, ICICI Prudential Life Company. Also, UTI MF, Franklin Templeton MF, Kotak Mahindra MF, Nippon India MF and Edelweiss MF have been allotted shares in the anchor round.

    Also Read: Vikram Solar IPO opens for subscription; GMP at 16%. Should you apply?



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