A Motilal Oswal report held the IPO as fairly priced with its share at the upper price band of Rs 730 being available at 34x of its PE earnings
IPO received bids for 3,23,440 shares as against the total issue size of 52,50,001 shares, according to NSE data
The company on Monday raised Rs 153 crore from anchor investors
The company's leadership position, healthy prospects and sound financials are key positives of Sheela Foam