Business · India Bureau
Badminton star Saina Nehwal joins RJ Anmol's Grav8 as equity partner
Olympic medallist Saina Nehwal and actor Armaan Bhatia have come on board as partners in RJ Anmol's venture Grav8. The development comes as the company's initial public offering sees strong investor interest.
LSN India ·
Badminton champion Saina Nehwal and actor Armaan Bhatia have joined RJ Anmol's Grav8 as equity partners, marking a significant expansion of the venture's investor base. The move underscores growing investor confidence in the platform as it prepares for its public market debut.
The company's initial public offering has already demonstrated robust market reception, with qualified institutional buyers oversubscribing their allocated quota by 13.29 times. This indicates strong institutional appetite for the venture's shares ahead of its formal listing.
Retail investor participation has also been positive, with the retail category recording 1.54 times subscription against its reserved allocation. The combined strong showing across both investor categories reflects confidence in Grav8's business model and growth prospects.
The addition of Nehwal, a two-time Olympic medallist and prominent sports figure, along with Bhatia brings established names and diverse expertise to Grav8's shareholding structure. The partnerships are expected to enhance the platform's credibility and reach across multiple consumer segments in India's digital economy.