Sheela Foam Ltd. allots 20,95,889 equity shares at Rs. 730 per share aggregating to Rs. 153 crore to 14 Anchor Investors.

Sheela Foam Ltd. allots 20,95,889 equity shares at Rs. 730 per share aggregating to Rs. 153 crore to 14 Anchor Investors. 

India 28 November 2016:  In spite of challenging market environment, due to the on-going demonetisation scenario, the company saw spectacular response from anchor investors, who bade for more than 10-times the number of shares from the anchor book.

The anchor investors include leading international & domestic investors namely: Fidelity, Goldman Sachs, East Spring, HDFC MF, SBI MF, ICICI Pru AMC, Premji Invest, IDFC MF and Sundaram MF.

This has a reference to the Anchor Issue of Sheela Foam Ltd. which opened and closed today. 

 Sheela Foam IPO Update

Opens Tuesday, November 29, 2016

Closes Thursday, December 1, 2016

Price Band INR 680 to INR 730

Bid Lot - 20 Equity Shares

Allocation - QIB 50%, HNI 15% & Retail 35%