KSK Energy IPO subscribed 0.94 times
The initial public offering of KSK Energy Ventures was subscribed 0.94 times till 5 pm on the first day of the issue’s opening Monday. The issue is in the price band Rs 240-255 per share. It closes on June 25.
By ET Online |
MUMBAI: The initial public offering of KSK Energy Ventures was subscribed 0.94 times till 5 pm on the first day of the issue���s opening Monday. The issue is in the price band Rs 240-255 per share. It closes on June 25.
The public issue of 3,46,11,000 received 3,26,91,925 bids, of which around 10,975 bids were received at the cut off price. The issue constitutes 10 per cent of the post-issue share capital.
The company will be investing part of the funds in Wardha Power Company, either directly or through KSK Electricity Financing, to finance the equity component of the 1,800 MW coal-based thermal power plant at Chhattisgrah.
KSK Energy has received Rs 415.34 crore in the pre-IPO placing of equity shares at Rs 240 per share, of which the company intends to use Rs 215.34 crore for funding the Wardha project.
The public issue of 3,46,11,000 received 3,26,91,925 bids, of which around 10,975 bids were received at the cut off price. The issue constitutes 10 per cent of the post-issue share capital.
The company will be investing part of the funds in Wardha Power Company, either directly or through KSK Electricity Financing, to finance the equity component of the 1,800 MW coal-based thermal power plant at Chhattisgrah.
KSK Energy has received Rs 415.34 crore in the pre-IPO placing of equity shares at Rs 240 per share, of which the company intends to use Rs 215.34 crore for funding the Wardha project.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
