India, Sept. 25 -- In the run-up to its BSE SME IPO, D2C meat delivery company Zappfresh has raised INR 168.4 Cr from anchor investors. The company allocated 16.7 Lakh equity shares to anchor investors at INR 101 apiece, which is the upper end of the company's IPO price band.

A total of 11 institutional investors participated in the company's anchor round. In this, Craft Emerging Market Fund bought the highest 4 Lakh equity shares or 23.9% of the anchor round for over INR 4 Cr. The investor took part in the round via its two funds, Elite Capital Fund and Citadel Capital Fund.

Meanwhile, Viney Growth Fund invested INR 2.5 Cr for 2.48 Lakh shares, representing 14.9% of the total anchor allocation. Further, Narnolia India Opportunity Fund ...