BS Transcomm, a provider of towers to telecos and power transmission firms, today fixed the price band of its initial share sale at Rs 257 to Rs 266 per share.
The Rs 204 crore issue will open on October 6 and closes on October 8, it said in a statement.
The Hyderabad-based company expects to garner up to Rs 204 crore through the issue. The firm is coming out with an issue of 76,79,410 equity shares, constituting a 35.10 per cent stake.
The IPO proceeds will be utilised to fund the expansion plans of the company. JM Financial Consultants is the sole book running lead manager to the issue.
BS Transcomm is engaged in the manufacture and supply of telecommunication and transmission towers, sub-station structures and also provides service solutions to the telecom infrastructure
and power transmission sectors.
The company supplies towers to entities such as Reliance Infratel, Wireless, TT Info Services, Indus Towers and Power Grid, among others.