India, July 9 -- A day before commencing the bidding for its initial public offering (IPO) on July 10, Smartworks Coworking Space has raised INR 173.64 Cr funding from anchor investors.

The company allocated 4.3 Mn equity shares to anchor investors at INR 407 per share. Of this, 1.37 Mn shares, or 32.04% of the total anchor allotment, were lapped up by three domestic mutual funds - Tata Mutual Funds, Baroda BNP Paribas and Trust Mutual Fund.

While Tata and Baroda bought 5.07 Lakh shares for INR 20.65 Cr each, Trust bought 3.52 Lakh shares for INR 14.33 Cr under its two funds.

Other investors that participated in Smartworks' anchor round were Aditya Birla Sun Life, Axis Mutual Fund, SBI General Insurance, Societe Generale and Buoyant Ca...