The public issue with a face value of Rs 2 per equity share comprises Rs 206 crore of fresh issue and an offer for the sale of 8.5 million equity shares. The offer also includes a reservation for a subscription by eligible employees.The company is offering its shares in the range of Rs 475–Rs 500 per equity share. Investors can bid for 30 shares in one lot and in multiples thereafter.The IPO will fetch Rs 631 crore at the upper end of the price band.
Asian stocks weaken as Fed policy doubts simmer
Japanese and Australian shares fell. South Korea’s benchmark bucked the trend, led by Samsung Electronics Co.’s rally after it announced a stock buyback plan. US
November 18, 2024