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The company has already secured Rs 20 crore from two anchor investors, Chanakya Opportunities Fund I and Astrone Capital UCC-Arven
The company is raising Rs 200 crore from the issue at a price of Rs 1000 each. Investors need to apply for a minimum of 10 NCDs in a lot.
The company reported a healthy growth in disbursements, reaching Rs 4,500 crore in September, marking an 11% YoY growth
Pidilite MEA and Grupo Puma, Spain will each own 50% of PidilitePuma's paid-up capital.
The company priced the IPO in the range of Rs 280-300 per share. Ahead of the issue launch, it has raised about Rs 288 crore from anchor investors.
The shares are expected to be listed on the stock exchanges on October 9.
The proceeds generated from the fresh issues will be allocated towards financing the company's capital expenditures, debt repayment, and general corporate purposes.
According to a statement from Coal India Ltd (CIL), the total volume of coal delivered was 1.8 MT more than the 293 MT demand anticipated for this time period.
Since the IPO is entirely an OFS, the entire proceeds will go to the existing shareholders.
The stated aim is to unlock value vs the existing consolidated entity as it aligns management, strategies and capital structure to meet the specific needs of each business.