Annual production is expected to be 6.6 lakh tonnes of ammonium nitrate.
The price band for the shares has been fixed at ₹210-221 each.
The issuance received bids for 94,88,77,158 shares against the 96,32,988 equity shares that were on sale.
Sheetal Agarwal of IIFL caught up with management of the IPO-bound company. Edited excerpts:
Asian Paints' shares were trading at ₹2,805 on the NSE at 12:34 p.m.
Analysts of IIFL Capital Services see a good scope for steady earnings growth led by volumes, rather than margins alone.
Analysts of IIFL Capital Services present below the summit’s KTAs.
The company has set the IPO price in the range of ₹162-171 per share for its ₹235 Crore issue.
The public offering, opening for subscription on February 27th and closing on February 29th
The qualified institutional buyer (QIB) category, however, received minimal subscription at 0.02 times.
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