Seven domestic investors (including four mutual funds, a life insurance company an AIF and a NBFC) were allocated a total of 33,98,778 shares for approximately Rs.161.10 crore. 

The company has allocated a total of 90,06,316 shares to nine foreign portfolio investors (FPIs) for approximately Rs.426.90 crore.

Five Star Business Finance Limited has raised Rs.588 crore from 16 anchor investors ahead of its initial public offering (IPO), which is opening for public subscription on Wednesday, 9th November. Investors can bid for a minimum of 31 Equity Shares and in multiples of 31 Equity Shares thereafter.

The Chennai-based NBFC has allocated 1,24,05,094 shares at Rs.474 per share aggregating to Rs.588 crore to the anchor investors on Monday, November 7th.

The company has allocated a total of 90,06,316 shares to nine foreign portfolio investors (FPIs) for approximately Rs.426.90 crore. The allottees include Groups like Capital Research, Fidelity Investments, Abu Dhabi Investment Authority, Norges Bank, Carmignac Gestion, White Oak, Malabar Investments, Bay Capital and Segantii.

Seven domestic investors (including four mutual funds, a life insurance company an AIF and a NBFC) were allocated a total of 33,98,778 shares for approximately Rs.161.10 crore. 

The domestic investors include Groups such as Enam, SBI Life Insurance, HDFC Mutual Fund, Baroda BNP Mutual Fund, Edelweiss Mutual Fund, Mirae Mutual Fund and Gee Cee Ventures.

ICICI Securities Limited, Edelweiss Financial Services Ltd, Kotak Mahindra Capital Company Limited and Nomura Financial Advisory and Securities(India) Private Ltd are book running lead manager and KFin Technologies is the registrar to the issue.