Electrosteel Steels today fixed the price band for its initial public offering, which opens on September 21, at Rs 10 to Rs 11 per share.
The offering will close on September 23 for institutional investors and on the next day (September 24) for non-institutional and retail buyers, it said in a public announcement.
The company is entering the capital market with an issue size of 22,55,16,188 shares and has a green shoe option of up to 3,38,27,428 equities. At the upper end of the price range, the IPO is valued at about Rs 248 crore.
Enam Securities, Edelweiss Capital Ltd and SBI Capital Markets are the book running lead managers to the issue.
The company, promoted by Electrosteel Castings Ltd, is engaged in the business of steel.
Meanwhile, Cantabil Retail India today fixed the price band for its own Rs 105 crore IPO in the range of Rs 127 to Rs 135 per equity. The Cantabil IPO opens on September 22 and will close on September 27, it said in a public announcement.
The retail firm intends to utilise the IPO proceeds to set up a manufacturing plant and expand its retail network, among other things.
On the other hand, the public float of Eros International has received a warm response from investors and was subscribed 27 per cent within hours of its opening today.
The issue got total bids for 49,45,560 shares, as against 1,85,51,898 equities on offer for the public, thereby getting subscribed 27 per cent, as per the data available with the NSE till 1300 hours.
Eros International Media Ltd (EIML) has come out with a public issue of Rs 350 crore in the price range of Rs 158 to Rs 175 per share. The issue closes on September 21.
The company, yesterday, raised Rs 55.8 crore by roping in about eight anchor investors, which includes Citigroup, IDFC Mutual Fund, Indus Capital, Lloyd George Investment and Indea Capital. The firm would allot 36,00,000 equity shares at Rs 155 per piece to these anchor investors.
EIML is part of the Eros group, which is a global player within the Indian media and entertainment sector, and has been distributing Hindi films overseas for the last three decades.
Enam Securities, Kotak Mahindra Capital, Morgan Stanley India and RBS Equities (India) are the booking lead managers to the issue.
