MUMBAI, Apr 1: Repco Home Finance listed at Rs 160, a seven per cent discount, against its issue price of Rs 172 per share on the National Stock Exchange (NSE) today.
The scrip was trading at Rs 169 and hit a high of Rs 172 so far.
Repco Home Finance is promoted by the Repatriates Co-operative Finance and Development Bank (Repco Bank), which was set up in April2000 to extend banking services to rehabilitate the repatriates from Sri Lanka, Myanmar, Vietnam and other countries.
The company has raised about Rs 270 crore through the issue.
It fixed a price band of Rs 165-172 a share by issuing 1.57 crore equity shares at a face value of Rs 10.
Earlier, the professionally managed housing finance company had
allocated 23.31 lakh shares to anchor investors at Rs 172 a share,
raising about Rs 40.1 crore.
The anchor investors include Goldman Sachs, Birla Sun Life, Reliance Capital, Nomura India Investment Fund Mother Fund, Citigroup Global Markets Mauritius, Sundaram Mutual Fund, ICICI Prudential Banking and Financial Services Fund and Franklin Templeton Mutual Fund.
(UNI)
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