Electronics manufacturing services provider Elin Electronics has raised Rs 142.5 crore through an anchor book ahead of its IPO on December 19.

In a filing with the BSE, the company said it eventually allotted 57.69 lakh shares to anchor investors at Rs 247 each, the upper end of the price range.

A total of 15 investors have invested in the company through the main book, including SBI Mutual Funds, SBI Life Insurance, Kotak Mahindra Trustee, Pinebridge Global Funds, Aditya Birla Sun Life Trustee, and PGIM India.

“Of the total allocation of anchor investors, 40.48 lakh shares were allocated to 4 domestic mutual funds via 11 schemes,” Elin Electronics said.

The company will open its Rs 475 crore IPO for subscriptions on December 20. The offer includes an issue of new shares worth Rs 175 crore and an offer to sell Rs 300 crore by the promoters.

The price range for the offer is fixed at Rs 234-247 per share, and the closing date is December 22. Funds from the new issue will repay debt and expand existing facilities in Uttar Pradesh’s Ghaziabad and Goa’s Verna.