Mishra Dhatu Nigam fixes IPO price band at Rs 87-90 per share
ET Bureau|
Mar 14, 2018, 07.30 PM IST
Mumbai: Mishra Dhatu Nigam has fixed its initial public offering price band of Rs 87 to Rs 90 apiece.
The issue of the manufacturer of special steels, super alloys and only manufacturer of titanium alloys in the country opens for subscription on March 21 and closes on March 23.
The company is raising Rs 438 crore through an offer for sale by the government.
The government is diluting 26% of its stake in the company and is giving a discount of Rs 3 per share to retail investors.
SBI Capital Markets and IDBI Capital Markets are bankers to the issue.
The issue of the manufacturer of special steels, super alloys and only manufacturer of titanium alloys in the country opens for subscription on March 21 and closes on March 23.
The company is raising Rs 438 crore through an offer for sale by the government.
The government is diluting 26% of its stake in the company and is giving a discount of Rs 3 per share to retail investors.
SBI Capital Markets and IDBI Capital Markets are bankers to the issue.