Stocks

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

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