IPO-Bound RentoMojo Nets ₹376 Cr From Anchor Investors

by · Inc42

SUMMARY

  • In a filing with the exchanges, the startup said that it allotted 93.1 Lakh equity shares to 41 anchor investors at ₹404 apiece, the upper end of its IPO price band
  • While sixteen domestic mutual funds lapped up 60.4 Lakh shares worth nearly ₹244.1 Cr, five life insurance companies picked up 12.6 Lakh shares for a sum of ₹51 Lakh
  • RentoMojo’s public issue comprises a fresh issue of shares worth up to ₹150 Cr and an offer for sale (OFS) of up to 2.7 Cr shares