Garden Reach Shipbuilders to make mkt debut Wednesday

Garden Reach Shipbuilders & Engineers, which last week concluded its initial public offer, will make its stock market debut Wednesday.

The company's Rs 345-crore initial public offer ran from September 24-October 1 as the issue closure date was extended.

Also, the price band for the offer was revised from Rs 115-118 per share to Rs 114-118 per share.

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.