The company is issuing 30 percent of its issued capital worth Rs 750 million i.e. 2,250,000 units of IPO to the general public from January 5. Out of the total number of shares, the company is issuing 1,845,000 units to the general public. Moreover, the company has allocated 3 percent i.e. 67,500 units to employees and 5 percent i.e. 112,500 units to mutual funds.
The interested investors can apply for a minimum of 10 and maximum of 100,000 units of shares at a price of Rs 100 per unit.
The company has appointed Kumari Capital as the issue manager. The interested investors can apply from all ASBA approved BFIs and Meroshare.
Care Ratings has assigned BB- rating to the issue indicating moderate risks.
