Powerica raises Rs 329 crore from anchor investors ahead of IPO
Mumbai-based diesel generator and power solutions manufacturer Powerica has raised Rs 329.4 crore from 17 anchor investors ahead of its public issue, which opened on March 24. The company allotted 83.39 lakh shares at the upper end of its price band of Rs 375–395 per share. Domestic mutual funds led the anchor book, with eight fund houses subscribing to nearly 70 lakh shares across 11 schemes. SBI Funds Management was the largest anchor investor, followed…