KPR Mills IPO gets 60 pc subscription
KPR Mills IPO on Thursday got subscribed 60 per cent on the first day with investors bidding for 35.74 shares.
By PTI |
MUMBAI: The Initial Public Offer (IPO) of KPR Mills, a Tamil Nadu-based apparel company, on Thursday got subscribed 60 per cent on the first day with investors bidding for 35.74 shares against 59.12 lakh shares on offer.
KPR Mills has fixed the price band for the IPO between Rs 225 and Rs 265 per share to raise up to Rs 156 crore.
The issue would close on August 7. The proceeds would be used for expansion of its garment unit at Arasur in Coimbatore, setting up a design studio, construct a hostel at Arasur and construct new facilities to increase capacity.
KPR Mill had recently made a pre-IPO placement of Rs 105 crore with Blue River Capital, Brandot International and Argonaut Private Equity.
The lead manager for the KPR Mills IPO is Kotak Investment Banking, while Karvy is the registrar.
KPR Mills has fixed the price band for the IPO between Rs 225 and Rs 265 per share to raise up to Rs 156 crore.
The issue would close on August 7. The proceeds would be used for expansion of its garment unit at Arasur in Coimbatore, setting up a design studio, construct a hostel at Arasur and construct new facilities to increase capacity.
KPR Mill had recently made a pre-IPO placement of Rs 105 crore with Blue River Capital, Brandot International and Argonaut Private Equity.
The lead manager for the KPR Mills IPO is Kotak Investment Banking, while Karvy is the registrar.
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