The public issue, which closes on May 4, includes a fresh issue of Rs 1,344 crore and an Offer For Sale (OFS) of Rs 321 crore by Radha Rani Holdings Pte Limited.
SMFL's IPO would be the largest private sector offer after JSW Energy mopped up about Rs 2,700 crore through initial share sale in December 2009, according to market sources.
This would also be the first IPO that aims to raise over Rs 1,500 crore so far in 2012.
SMFL has already raised Rs 222 crore through issue of shares to four anchor investors, including the Government of Singapore.
The company has alloted over 1.93 crore equity shares to anchor investors at a price of Rs 115 per share, raising Rs 222.03 crore in the process, as per data available on the stock exchanges.
The Government of Singapore purchased over 66 lakh shares in a transaction worth about Rs 78 crore.
US-based IVY Pacific Opportunities Fund got 45.22 lakh shares for Rs 52 crore. The two other anchor investors are First State Investments Hong Kong and Birla Sun Life.
The IPO committee of the company's board of directors finalised the allocation of shares to anchor investors on Monday.
"Out of Rs 1,665 crore we are raising from this issue, over Rs 950 crore will be used for debt repayment, Rs 170 crore for expansion of our new companies and the remaining for other corporate purposes," Samvardhana Motherson Group Chairman Vivek Chand Sehgal said on Monday.
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