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Last Updated : Jun 24, 2019 07:34 PM IST | Source: PTI

KPR Agrochem to raise Rs 283 cr through IPO

The IPO will consist of a fresh issue aggregating up to Rs 210 crore and an Offer for Sale of 1.2 crore equity shares for equity shares of face value Rs 10 each, a release issued here said.

Agri-input company KPR Agrochem launched its initial public offer with a price band between Rs 59 and Rs 61 to raise Rs 283 crore.

The IPO will consist of a fresh issue aggregating up to Rs 210 crore and an Offer for Sale of 1.2 crore equity shares for equity shares of face value Rs 10 each, a release issued here said.

The funds raised will be used for repayment and prepayment of loans and also for working capital.

The IPO will close on July 2 and the equity shares are proposed to be listed on the BSE and NSE.

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First Published on Jun 24, 2019 07:30 pm
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