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Prataap Snacks to list on bourses tomorrow

The Rs 482-crore initial public offer was oversubscribed 47.39 times during Sept 22-26

Press Trust of India  |  New Delhi 

Prataap Snacks

Prataap Snacks, whose initial share sale offer received robust investor demand last week, will list its shares on bourses tomorrow.

The Rs 482-crore (IPO) was oversubscribed 47.39 times during September 22-26.

The (QIBs) portion was oversubscribed 76.89 times, non-institutional investors 101.15 times and retail investors 8.48 times, according to data.

The issue was in a price band of Rs 930-938 per share.

The company, which makes products under the 'Yellow Diamond' brand, aims to use the proceeds to expand capacity, marketing and brand building activities and retire the debt on its books.

Edelweiss, JM Financial and Spark Capital were managing the issue.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Wed, October 04 2017. 15:51 IST