SBI Fund Management Unlisted Shares

SBI Funds Management invests Rs 212 cr in Ajax Engineering ahead of IPO

The Ecoonomic Times

2 min read

SBI Funds Invests Rs 212 Crore in Ajax Engineering Ahead of IPO.

Expert Analysis:

Investment Details: SBI Funds Management Ltd invested Rs 212 crore in Ajax Engineering via SBI Magnum Children's Benefit Fund and SBI Infrastructure Fund.
Share Purchase Agreement: On February 5, Jacob Hansen Family Trust transferred 27.02 lakh shares to SBI Magnum Children's Benefit Fund and SBI Infrastructure Fund at Rs 629 per share, totaling Rs 170 crore.
Stake Distribution: SBI Magnum Children's Benefit Fund received 19.07 lakh shares, and SBI Infrastructure Fund got 7.95 lakh shares; post-IPO, SBI Funds will hold a 2.94% stake.
Anchor Investor Allocation: On January 7, SBI Funds received 11.03% of anchor investment, with 3.17 lakh shares to SBI Magnum Children's Benefit Fund and 3.47 lakh shares to SBI Infrastructure Fund at Rs 629 per share, totaling Rs 42 crore.
Total Investment: Combined with the share purchase agreement, SBI Funds' total investment in Ajax Engineering amounts to Rs 212 crore.
IPO Details: Ajax Engineering's Rs 1,269-crore IPO will be open from February 10 to 12, with a price band of Rs 599 to Rs 629 per share and a market cap of Rs 7,200 crore at the upper band.
Offer-for-Sale (OFS): The IPO is a complete OFS of 2.01 crore shares, with Kedaara Capital offloading 74.37 lakh shares.

Takeaways

SBI Funds invested Rs 212 crore, securing a 2.94% stake ahead of Ajax Engineering’s Rs 1,269 crore IPO opening on February 10.

Invest in the Future

Act now and capitalize on the potential growth of this unlisted share

Precize Daily Pulse

The latest news in the world of Unlisted Shares, summarised by our experts.

The next generation of asset classes in India

Company

Institutions Retail Care

Resources

Blogs News FAQs

Legal

Our Office

Office No. 1219, The Summit Business Park, Andheri Kurla Road, Andheri East, Mumbai, Maharashtra - 400093

Find us on Google

support@precize.in

+91 7738336457

All trademarks and logos or registered trademarks and logos found on this Site or mentioned herein belong to their respective owners and are solely used for informational and educational purposes.

The material presented in this advertisement is for informational purposes only and should not be construed as investment advice or investment availability. It is not a recommendation of, or an offer to sell or solicitation of an offer to buy, any particular unlisted share, security, strategy, or investment product. Investing in the private market and securities involves risks, including the potential loss of money, and past performance does not guarantee future results. Market trends, data interpretations, graph projections are provided for informational and illustrative purposes and may not reflect actual future performance. Nothing on this website should be construed as personalized investment advice or should not be treated as legal, financial, or any other form of advice. Precize is not liable for financial or any other form of loss incurred by the user or any affiliated party based on information provided herein.

Precize is neither a stock exchange nor does it intend to get recognized as a stock exchange under the Securities Contracts Regulation Act, 1956. Precize is not authorized by the capital markets regulator to solicit investments. The securities traded on these platforms are not traded on any regulated exchange.

The website will be updated regularly.