The net proceeds from the fresh issue would be utilized for funding capital expenditure requirements for setting up a new plant, debt repayment, and general corporate purposes.
The IPO issue is priced within a range of Rs 52 to Rs 55 per share.
Ahead of the issue, the company's shares were trading with a GMP of Rs 11 in the unlisted market, indicating a premium of 20% over the upper end of the IPO price band of Rs 55.
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