The Hindu Business Line : Repro price band at Rs 145-165

REPRO India Ltd, an integrated content and printing service provider, on Monday announced the price band of its initial public offer (IPO) at Rs 145 to Rs 165 per share.

The company is offering 26,20,000 equity shares of Rs 10 each through the book-built process. The company has reserved 50 per cent of the issue to the public for allotment to qualified institutional buyers on a proportionate basis. Fifteen per cent has been reserved for allotment to non-institutional investors and the balance 35 per cent will be allotted to retail investors on a proportionate basis. The issue constitutes 25 per cent of the fully diluted, post-issue, paid-up capital of the company.

The proceeds of the issue would be used for expanding its existing printing facility, and setting up a new printing facility at Navi Mumbai Special Economic Zone and infrastructure for content process outsourcing.

The sole book running lead manager to the issue is Enam Financial Consultants Pvt Ltd.

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Repro price band at Rs 145-165