Shree Pushkar Chemical fertilizers IPO to hit market on August 25

Shree Pushkar Chemicals & Fertilisers, the company in the business of dye manufacture, chemicals and fertilizers on Thursday announced the launch of an Initial Public Offer (IPO) of its equity.

An IPO is a process wherein people can buy shares in a company. The price band for the offer is Rs 61-65, between August 25 and 27.

"SPCFL now plans to enter the capital market with initial public offer of its equity shares of face value Rs 10 each for cash aggregating up to Rs. 700 million. Of the total shares offered 2,026,589 shares are on Offer for Sale (OFS)," the company said in a release.