Aries Agro to list on Friday; issue price Rs 130/share
Shares of Aries Agro will list on the bourses on Friday. The company has fixed the issue price at Rs 130 per share for its initial public offer of 45,00,000 equity shares of Rs 10 each.
The issue was subscribed 7.62 times.
Aries Agro, a micronutrient and other nutritional products for plants and animals manufacturing company, plans to set up new manufacturing units at Ahmedabad, Lucknow, Medak (Andhra Pradesh) and an additional unit in Maharashtra. The company is also planning to add 79,200 tonnes per annum to its existing manufacturing capacity of 21,600 tonnes per annum.
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