Sahajanand Medical sets Rs 327-344 IPO price band
In short
Sahajanand Medical Technologies set its IPO price band at Rs 327-344 per share. The Rs 475.48 crore issue opens on October 15 and closes on October 19, and the shares are due to list on BSE and NSE on October 22.
The offer is entirely for sale, so the company will not raise fresh money from this issue. The reporting does not say who is selling the shares or what the funds will be used for.
What the reporting says
Sahajanand Medical Technologies set a price band of Rs 327-344 a share for its Rs 475.48 crore IPO, with the issue opening on October 15 and closing on October 19. The offering is entirely an offer for sale, and shares are scheduled to list on the BSE and NSE on October 22. The reporting does not state the selling shareholders or how the proceeds will be used.
Why it matters
Sahajanand Medical Technologies set a Rs 327-344 per share price band for its Rs 475.48 crore IPO, with the issue opening on October 15 and closing on October 19. The offer is entirely an offer for sale, and the shares are scheduled to list on the BSE and NSE on October 22. The reporting does not state the selling shareholders or any business use for proceeds.