Sharda Cropchem plans to raise Rs 352cr via IPO
03/09/2014 15:17
Crop protection chemical company Sharda Cropchem said that the company plans to enter the capital market with its Initial Public Offering (IPO) of 22,555,124 equity shares of face value of Rs 10 each, reported media.
The issue is priced at Rs 145-156 per share and the company intends to raise Rs 352 crore at the upper end of the price band. The offer opens on September 5 and closes on September 9
Post-issue, shareholding of the promoters in the company will fall to 75 per cent from the current 84.13 per cent.
The aim of the issue is to get the benefit of listing on bourses and to carry out the sale of the stake of shareholders HEP Mauritius, Sharda R Bubna and Ramprakash V Bubna.
03/09/2014 15:17
Crop protection chemical company Sharda Cropchem said that the company plans to enter the capital market with its Initial Public Offering (IPO) of 22,555,124 equity shares of face value of Rs 10 each, reported media.
The issue is priced at Rs 145-156 per share and the company intends to raise Rs 352 crore at the upper end of the price band. The offer opens on September 5 and closes on September 9
Post-issue, shareholding of the promoters in the company will fall to 75 per cent from the current 84.13 per cent.
The aim of the issue is to get the benefit of listing on bourses and to carry out the sale of the stake of shareholders HEP Mauritius, Sharda R Bubna and Ramprakash V Bubna.
