Welspun Corp provided an update to the proposed IPO of is Saudi joint venture East Pipes Integrated Company for Industry 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 oversubscription coverage of 718x of the total offer shares – The Individual Investors tranche subscription process will commence on 24 January 2022 and ends on 25 January 2022 A maximum 630000 Offer Shares representing 10Percentage of the total Offer Shares will be allocated to Individual Investors
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