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Our Bureau

Mumbai , Dec. 8

INDOCO Remedies Ltd has fixed the price band for its initial public offering at Rs 220 to Rs 245.

The company is entering the capital markets with an IPO of 30,00,000 shares of Rs 10 each.

The issue is a 100 per cent book building process and would open on December 17 and close on December 23.

The proceeds of the IPO would be used to fund the capital expenditure plans of the company.

Enam Financial Consultants Pvt Ltd is the book running lead manager and IL&FS Investmart Ltd is the co-book running lead manager.

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