Welspun Corp Limited - Updates

24 Jan 2022 , 12:00 AM

Welspun Corp Limited has informed the Exchange regarding In furtherance to our disclosure dated January 12, 2022, made in relation to the proposed Initial Public Offering of our Saudi Joint Venture, East Pipes Integrated Company for Industry ( EPIC ), please note that Welspun Corp Limited has now been informed by EPIC :- Successful completion of the book-building process for the Participating Parties, Institutional Investors tranche, and the setting of the final offer price at SAR (80) per share with an over-subscription coverage of (71.8x) of the total offer shares. The Individual Investors tranche subscription process will commence on Monday, January 24, 2022 and ends on Tuesday, January 25, 2022. A maximum (630,000) Offer Shares, representing 10% of the total Offer Shares, will be allocated to Individual Investors.