IndustryLatest Stories

Sri Lotus Realty secures ₹237 crore from anchor investors

NEW DELHI: Sri Lotus Developers and Realty has raised ₹237 crore from anchor investors prior to its initial public offering (IPO) set to open for public subscription on Wednesday, July 30, 2025. The company announced that on July 29, 2025, it allocated 15,799,999 equity shares at ₹150 each to these investors. Prominent institutions among the anchor investors include Tata Mutual Fund, Mahindra Manulife Mutual Fund, Nippon Mutual Fund, Samsung India Mid & Small Focus Securities Master Investment Trust, Nuvama Asset Management, HSBC Mutual Fund, SBI Mutual Fund, Citigroup Global Markets Mauritius, Nomura Singapore, and Future Generali India Life Insurance Co.…

CommercialLatest Stories

Smartworks secures ₹173.64 crore from anchor investors pre-IPO

NEW DELHI: Smartworks Coworking Spaces has secured ₹173.64 crore from anchor investors prior to its initial public offering (IPO). In a regulatory update released on Wednesday, Smartworks confirmed the allocation of 42,66,378 equity shares to anchor investors at ₹407 per share. Among the allocated shares, 32.04% were designated for three domestic mutual funds, which utilized a total of four schemes. These mutual funds are Tata Mutual Fund, Baroda BNP Paribas, and Trust Mutual Fund. Other investors include Axis New Opportunities AIF – Series II, SBI General Insurance Co. Ltd, Aditya Birla Sun Life Insurance Co. Ltd, and Societe Generale, among…