FINANCE

Karamtara Engineering IPO opens 9 September at INR 241 to 254 a share

The offer totals up to INR 875 crore, comprising INR 675 crore of fresh issue and INR 200 crore of offer for sale, and closes on 11 September.

L-R: Sunil Kumar Rustagi & Rajiv Singh - Karamtara Engineering Limited | Photo Credit: Sanjay Borade

Karamtara Engineering will open its initial public offering on Wednesday, 9 September, closing Friday, 11 September, with a price band of INR 241 to INR 254 per share on a face value of INR 10. The anchor investor bidding date is Tuesday, 8 September. The offer totals up to 36,307,052 shares aggregating up to INR 875 crore, comprising a fresh issue of up to INR 675 crore and an offer for sale of up to INR 200 crore. Bids can be made for a minimum of 59 shares and in multiples thereafter. JM Financial is among the lead managers.

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