 "Enzyme's IPO to open on July 20")
Advanced Enzyme Technologies’s Rs 412-crore initial public offering (IPO) will open for subscription on July 20 (Wednesday). The price band for the IPO is Rs 880-Rs 896 per share.
Around Rs 362 crore of the issue is offer for sale (OFS) from existing investors, while Rs 50 crore is fresh-capital raising. The IPO is being handled by ICICI Securities and Axis Capital. Advanced Enzyme is India’s leading enzyme company. The company deals in our 400 proprietary products developed from 60 indigenous enzymes.
Advanced Enzyme operates in two primary business verticals: Health care and nutrition, and bio-processing (food and non-food). Advanced Enzyme’s issue will close on July 22.
Around Rs 362 crore of the issue is offer for sale (OFS) from existing investors, while Rs 50 crore is fresh-capital raising. The IPO is being handled by ICICI Securities and Axis Capital. Advanced Enzyme is India’s leading enzyme company. The company deals in our 400 proprietary products developed from 60 indigenous enzymes.
Advanced Enzyme operates in two primary business verticals: Health care and nutrition, and bio-processing (food and non-food). Advanced Enzyme’s issue will close on July 22.