Initial public offering of up to 1,34,28,000 equity shares of face value of Rs. 10.00 each ("Equity Shares") of the company for cash at a price of Rs. 93 per equity share (including a share premium of Rs. 83 per equity share) ("Offer Price") aggregating up to Rs. 124.88 Crores (the "Offer") comprising a fresh issue of up to 1,07,41,149 equity shares of face value of Rs. 10.00 each aggregating up to Rs. 99.89 Crores by the company (the "Fresh Issue") and an offer for sale of up to 26,86,851 equity shares of face value of Rs. 10.00 each aggregating up to Rs. 24.99 Crores by VVJ Enterprise Private Limited (previously known as J J Jindal Infin Private Limited), (the "Promoter Group Selling Shareholder") (the "Offer For Sale"). The offer would constitute 26.32% of the post-offer paid-up equity share capital of the company.
Price Band: Rs. 93/- per equity share of face value of Rs. 10 each.
The floor price is 9.30 times of the face value of the equity shares.
Bids can made for a minimum of 161 equity shares and in multiples of 161 equity shares thereafter.
IPO Details
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
16-Sep-2026
18-Sep-2026
₹ 93.00
₹ 0.00
Minimum Application for shares in Nos
Minimum Application for shares in Nos : 161.0 Further Multiples of : 161.0
(₹)Cr.
Lead Managers to the Issue
Project Cost
87.85
Sarthi Capital Advisors Private Limited
Project Financed through Current Offer
124.88
Post Issue Equity Share Capital
51.02
Issue Price
₹93.00
Projects
Projects
Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by its Company