Ahead of the IPO, the company has mobilised Rs 182 crore from 16 anchor investors.
Initially, the company will emphasize launching fixed-income products.
The business will be set up under a new venture ‘Novel Jewels Ltd.'
MTAR Tech shares rise as Plutus Wealth Management purchases over 4% stake, driven by impressive Q4 financial performance
Significant orders are valued between Rs 1,000 to Rs 2,500 crore.
On the sectoral front, the Nifty IT index is trading 2.23% lower.
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The issue consists of sale of fresh equity worth Rs 350 crore, while promoters of the company will offload 90,00,000 equity shares via offer for sale (OFS) route.
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