HFCL aims to ramp up the share of exports in its OFC vertical revenue from the current 30% to 70% over the next 4-5 years.
50% of shares are reserved for qualified institutional buyers (QIBs), whereas 15% shares are reserved for non-institutional investors (NIIs) and remaining 35% for retail investors.
The company will finalise share allotment on December 27 and will list on stock market on December 30.
The company has a market share of 12% in fractional horsepower motors, 7.2% in LED lighting & flashlights and 10.7% in small appliances as of FY21
The company has reduced the offer to 1.42 crore shares from 1.92 crore shares after receiving Rs 142 crore from anchor investors.
The merger will enable the shareholders of NDL to participate in and bolster the growth plans of HLFL thereby creating value for shareholders.
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