Business
Anarock files SEBI papers for Rs 1,000 crore IPO
The Hindu BusinessLine··1 Oct
Anarock filed SEBI papers to raise Rs 1,000 crore through an IPO. The offer includes a fresh issue of up to Rs 550 crore and an offer-for-sale of up to Rs 450 crore. Plans include Rs 80 crore for AI technology and Rs 148 crore for the DSP Acquisition. Shares are proposed to list on the BSE and NSE.
Prism
What It Means For You
- Retail and institutional allotments will follow book-building shares once the offer opens after SEBI clearance.
- A pre-IPO placement of up to Rs 110 crore may reduce the fresh issue size if completed.
- Promoter sellers in the OFS include Peter Properties Ltd and Khushi Trust.
What's Happening
- The DRHP was filed on Wednesday.
- ICICI Securities, IIFL Capital Services and 360 ONE WAM are book-running lead managers.
- Anarock has around 2,300 employees across tier-1 and tier-2 markets in India and West Asia.
How The Fresh Issue Would Be Used
- Plans include Rs 25 crore for ACP technology solutions and Rs 15 crore for Anacity.
- Another Rs 89.5 crore is earmarked for talent augmentation and specialised services.
- In 2024, Anarock raised Rs 200 crore from 360 One Asset Management Ltd.
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