New Delhi, Feb. 7 -- Concrete equipment manufacturer Ajax Engineering, backed by Kedaara Capital, mobilised more than Rs.379 crore from anchor investors days before its initial share-sale opening for public subscription.

The anchor investors who have been allocated the shares are SBI Mutual Fund (MF), Axis MF, HSBC MF, Edelweiss MF, ITI MF, Amundi Funds New Silk Road and Franklin Templeton Investment Funds, according to a circular uploaded on BSE's website.

The company has allocated 60.3 lakh shares to 23 funds at Rs.629 per share, which is the upper end of the IPO price band. Hence, it aggregates the transaction size to Rs.379.3 crore.

The initial share sale of Rs.1,269 crore for the Bengaluru-based company will open for public subscr...