Smartworks raises $20 Mn from anchor investors

Managed office space provider Smartworks has raised Rs 174 crore (approximately $20 million) from anchor investors ahead of its initial public offering (IPO), which is set to open for subscription on July 10. 

The anchor round saw participation from a dozen institutional investors, including Tata Mutual Fund, Aditya Birla Sun Life, Axis Mutual Fund, and SBI General Insurance.

The company allotted 42.66 lakh equity shares at Rs 407 each to anchor investors, according to a Bombay…