New Delhi, Oct 9 (PTI) Garden Reach Shipbuilders & Engineers, which last week concluded its initial public offer, will make its stock market debut Wednesday.Also Read - Only To Curb Trans-Border Crimes: BSF Says Jurisdiction Increased For CrPC Act, Passport Act
The company’s Rs 345-crore initial public offer ran from September 24-October 1 as the issue closure date was extended. Also Read - Delhi Govt Launches New E-Portal For Self-Assessment of Dust Control Norms | Details Here
Also, the price band for the offer was revised from Rs 115-118 per share to Rs 114-118 per share. Also Read - Sanitation Worker Injured After Boundary Wall Collapses in Delhi's Rajender Marg
The initial public offer was of 2,92,10,760 equity shares and was fully subscribed.
IDBI Capital Markets & Securities and YES Securities were the book running lead managers to the offer.
Garden Reach is a ship building company under the administrative control of the Defence Ministry.
It has also built India’s first indigenous warship — the INS Ajay — in 1961, as per the company’s website.
This is published unedited from the PTI feed.