Bharat Road IPO price band at Rs 195-205

Source: The Hitavada      Date: 31 Aug 2017 09:00:09


NEW DELHI,

Aug 30,

(PTI),

BHARAT Road Network, a Srei Infrastructure Finance initiative, on Wednesday fixed a price band of Rs 195-205 per equity share for its initial public offer through which it aims to raise Rs 600 crore.

The IPO will open for public subscription from September 6-8. The company said in a statement that it “will be launching its IPO of up to 2.93 crore equity shares which is scheduled to open on September 6 and close on September 8 at price band of Rs 195-205 per equity share”.

The issue constitutes 34.90 per cent of the post issue paid-up equity share capital of the company.At the up-end of the price band, the company is expected to garner Rs 600 crore.