HD Fire Protect raises ₹213 crore from anchor investors ahead of ₹712-crore IPO

What happened: HD Fire Protect raised ₹213.11 crore from anchor investors ahead of its ₹712-crore IPO, which opens for public subscription on October 13 and closes October 15. Key numbers: Anchor allotment of 78.64 lakh shares at ₹271 apiece to 25 funds. Domestic mutual funds received 56.52 lakh shares, 71.88% of the allocation, through 17 schemes. Why it matters: The anchor round drew Bajaj Life Insurance, Axis Max Life Insurance, Allianz Global Investors Fund and several domestic mutual funds. Since the issue is entirely an OFS, the company will not receive any proceeds.

HD Fire Protect raised ₹213.11 crore from anchor investors ahead of its ₹712-crore IPO, which opens for public subscription on October 13 and closes October 15.

The anchor round drew Bajaj Life Insurance, Axis Max Life Insurance, Allianz Global Investors Fund and several domestic mutual funds. Since the issue is entirely an OFS, the company will not receive any proceeds.