Alkem Labs Mops Up Rs 395 Crore From Anchor Investors

New Delhi: Alkem Laboratories has raised Rs 395 crore from anchor investors, including Abu Dhabi Investment Fund, by allotting shares at Rs 1,050 per scrip. For the initial public offerings (IPO), the company has fixed a price band of Rs 1,020-1,050 apiece. Through the initial share sale, which opens on Tuesday and closes on Thursday, Alkem is aiming to raise around Rs 1,350 crore. More than 3.7 million shares were allotted to anch...