India’s leading travel distribution platform TBO Tek announced that the company raised Rs. 696.51 crore from 47 anchor investors. This funding happened before one day of the company’s ipo – initial public offering opens for subscription in the market.

As per the filing of the company to the exchanges, it has allotted 75, 70,807 equity shares to 61 anchor investors at a cost of Rs. 920 per equity share.

International investors obtained the company’s shares through the investment in the anchor books are, Abu Dhabi Investment Authority, Goldman Sachs, Government Pension Fund Global, Eastspring Investments, Blackrock Global Funds, Fidelity Funds, Nomura Funds & HSBC Global.

In addition to this, the round also domestic mutual fund houses including ICICI Prudential Mutual Fund, Kotak Mahindra Trustee, Nippon Life India, SBI Mutual Fund, Axis Mutual Fund, Franklin India, Mirae Asset, Whiteoak Capital, Bandhan Mutual Fund, Canara Robeco Mutual Fund & DSP Multicap Fund.

Regarding this matter, the company states in its regulatory filing, “The Company has allotted 7,570,807 Equity Shares to Anchor Investors at the Anchor Investor Allocation Price of ₹920 per Equity Share (including share premium of ₹919 per Equity Share) of face value of Rs. 1 each”.

Further it adds, “Out of the total allocation of 75,70,807 equity shares to the anchor investors, 31,55,236 equity shares were allocated to 14 domestic mutual funds through a total of 26 schemes”.