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The price band of PG Electroplast's IPO of Rs 120 crore (at the upper end of the price band) has been fixed at Rs 190-210 a share. The company is issuing 57.45 lakh equity shares.
The issue opens on September 7 and closes on September 12. The promoters' stake in the company after the issue will be 65 per cent.
The company plans to utilise the IPO proceeds for pre-payment of term loans, towards expansion of its manufacturing facilities at Greater Noida and at Ahmednagar, and for meeting long term working capital requirements.
Almondz Global Securities is the Book Running Lead Manager and Karvy Computershare Private Ltd is the Registrar to the issue.
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