At the upper band of Rs 216, the IPO is commanding a pre-issue market cap of around Rs 169.5 crore. Shares are proposed to be listed on the BSE SME platform on February 23. The IPO is entirely a fresh issue of 22.68 lakh shares aggregating to Rs 49 crore. The company has already raised Rs 13.93 crore from anchor investors ahead of the public offering.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets