Dilip Buildcon which is an infrastructure company, has raised over Rs 196 crore through issuing shares to anchor investors ahead of its initial public offering.

The company has allotted 89,58,592 shares at Rs 219 per share aggregating Rs 196.19 crore to 10 anchor investors.

According to the information available with BSE, under anchor investors (AIs) portion in the public issue of Dilip Buildcon 89,58,592 equity shares have been subscribed by 10 AIs at Rs 219 per equity share.

Read EquityPandit’s Technical Analysis of Indian Stock Market