The company is issuing 2,730,000 units of primary shares having a face value of Rs 100. Out of the total offered units, the company has secured 2 percent i.e. 54,600 for employees and 5 percent i.e. 136,500 units for mutual funds. The general public can apply for the remaining 2,538,900 units of shares.
The issue will close early on May 18 and lately on May 25.
The interested investors can apply for the IPO from all C-ASBA approved BFIs and meroshare web as well as mobile app.
The company has appointed Prabhu Capital as its issue manager. The investors can apply for a minimum of 10 and maximum of 1000,000 units of shares.
CARE Ratings has assigned BB- rating to the issue indicating moderate risks.