Attracting Rs 288 Crores:

Updater Services' Pre-IPO Boost

with Anchor Investor Support

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01

On September 23rd, Updater Services Ltd raised Rs 288 crore from anchor investors just before launching its IPO

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The company offered 96 lakh equity shares to 18 funds at Rs 300 per share, the upper limit of the price range.

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Anchor investors included big names like Nomura Singapore, Citigroup Global Markets, BNP Paribas, and more.

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The IPO, open for public subscription from September 25th to 27th, is priced between Rs 280-300 per share.

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We'll use the funds for things like paying off debts, covering day-to-day expenses, and investing in our facilities and business support services.

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