Wednesday, 20 July 2016

Advanced Enzyme IPO hits markets

The price band has been fixed at Rs 880- 896 per equity share. The issue will close on July 22 (Friday).

Advanced Enzyme Technologies Ltd IPO has hit capital markets with a 100 per cent book building initial public offering (IPO) of 46.03 lakh equity shares of face value of Rs 10 each.
The price band has been fixed at Rs 880- 896 per equity share. The issue will close on July 22 (Friday).

The company gathered around Rs 123 crore from as many as 15 anchor investors.
Kuwait Investment Authority Fund, DB International (Asia) Ltd, SBI Life Insurance Company Ltd, DSP Blackrock Equity Fund, L&T Mutual Fund Trustee Ltd and Tata AIA Life Insurance are among the anchor investors.

The company has allotted shares worth Rs.122.85 crore as part of the anchor book allotment.

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