Initial public offering of 29,186,045 equity shares of face value of Rs. 2/- each ("Equity Shares") of the company for cash at a price of Rs. 43 per equity share (Including a Share Premium of Rs. 41 per Equity Share) ("Offer Price") aggregating to Rs. 125.5 Crores (the "Offer") comprising a fresh issue of 21,511,627 equity shares of face value of Rs. 2/- each aggregating to Rs. 92.5 Crores by the company (the "Fresh Issue") and an offer for sale of 7,674,418 equity shares of face value of Rs. 2/- each aggregating to Rs. 33 Crores by Vridaa Holding Trust ("the Promoter Selling Shareholder") ("Offer for Sale"). The offer constituted 25.05% of the post-offer paid-up equity share capital.
Price Band: Rs. 43 per equity share of face value of Rs. 2 each.
The floor price 21.50 times the face value of the equity shares, respectively.
Bids can be made for a minimum of 348 equity shares of face value of Rs. 2 each and in multiples of 348 equity shares of face value of Rs. 2 each thereafter.
IPO Details
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
11-Sep-2026
16-Sep-2026
₹ 43.00
₹ 0.00
Minimum Application for shares in Nos
Minimum Application for shares in Nos : 348.0 Further Multiples of : 348.0
(₹)Cr.
Lead Managers to the Issue
Project Cost
81.64
Pantomath Capital Advisors Private Limited
Project Financed through Current Offer
125.50
Post Issue Equity Share Capital
23.30
Issue Price
₹43.00
Projects
Projects
Funding the capital expenditure towards purchase of plant and machinery
Repayment and/or pre-payment, in part or full, of certain borrowings availed by the Company