Ramky Infra fixes IPO price at Rs 405-468 per share

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SummaryThe IPO involves issuance of fresh shares aggregating up to Rs 350 crore.

Infrastructure and waste management solutions provider Ramky Infrastructure on Thursday fixed a price band of Rs 405 to Rs 468 a share for its initial public offer, which opens on September 21.

Ramky Infrastructure, the flagship company of the Ramky Group, is entering the capital market with its initial public offering with an aim to raise funds up to Rs 530 crore.

The IPO opens on September 21 and will close on September 23, it said in a statement.

Ramky Infrastructure Ltd is engaged in the business of construction and infrastructure.

The IPO involves issuance of fresh shares aggregating up to Rs 350 crore and an offer for sale of equities amounting up to Rs 180 crore.

Anchor Investors, if any, shall submit their bids on the anchor investor bidding date, which will be one day prior to the issue opening date, the company added.

Enam Securities and Deutsche Equities (India) Private Ltd are the book running lead managers to the issue.

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