Prataap Snacks to make debut on Thursday

PTI New Delhi | Updated on January 08, 2018

Prataap Snacks, whose initial share sale offer received robust investor demand last week, will list its shares on the bourses tomorrow.

The Rs 482-crore initial public offer (IPO) was oversubscribed 47.39 times during September 22-26.

According to NSE data, qualified institutional buyers (QIBs) portion was oversubscribed 76.89 times, non-institutional investors 101.15 times and retail investors 8.48 times.

The IPO was in a price band of Rs 930-938 per share.

The company, which makes products under the ‘Yellow Diamond’ brand, aims to use the proceeds for expanding capacity, marketing and brand-building activities and for clearing the debt on its books.

Edelweiss, JM Financial and Spark Capital were managing the issue.

Published on October 04, 2017

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

This article is closed for comments.
Please Email the Editor

You May Also Like