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Garden Reach Shipbuilders & Engineers IPO opens on Sept. 24


Garden Reach Shipbuilders & Engineers Ltd proposes to open, on September 24, 2018, an initial public offering (IPO) of equity shares of face value of Rs 10 each for cash at a price per equity share (including a share premium) comprising an offer for sale of 29,210,760 equity shares by the promoter, The President of India, acting through the Ministry of Defence, government of India.


The price band for the offer is from Rs 115 to Rs 118 per equity share. Bids can be made for a minimum lot of 120 equity shares and in multiples of 120 equity shares thereafter.


The shares are proposed to be listed on BSE and NSE, said a release.


Source : Exim News Service - Mumbai, Sept. 13


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