The interested investors can apply for a minimum of 50 to a maximum of 1,000 units of shares.
The issue will close early on June 17 and late on July 8, as per the issue manager, CBIL Capital.
After the IPO for locals of the affected area, the company will issue IPO worth Rs 40 million to the general investors.
After the two-phase IPO issuance, the paid-up capital of the company will reach Rs 200 million where promoter and general investors will have share ownership of 70:30.