The issue is 40,56,000 equity shares at a face value of Rs10 each.
Equity Share Allocation:
* QIB Anchor Portion: Not more than 11,54,000 Equity Shares
* Qualified Institutional Buyer: Not more than 7,70,000 Equity Shares
* Non-Institutional Investors: Not less than 5,78,000 Equity Shares
* Retail Investors: Not less than 13,48,000 Equity shares
* Market Maker: 2,06,000 Equity shares
The net proceeds from the IPO will be utilized to set up a new manufacturing facility at Gandhinagar, Dehgam, Gujarat, for manufacturing Bunched copper wire and 1.6 MM Copper Wire for funding capital expenditure for Furnace renovation to meet working capital requirements and general corporate purpose. The anchor bidding will open on January 01, 2025, and the issue will close on January 06, 2025.
Denne historien er fra January 02, 2025-utgaven av The Business Guardian.
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Denne historien er fra January 02, 2025-utgaven av The Business Guardian.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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