V-Guard Industries IPO opens on Feb. 18
Cochin-based V-Guard Industries is all set to tap the capital markets via an initial public offering (IPO) of 8 million equity shares of Rs 10 each for cash, at a price to be decided through a 100% book building process. The issue will open on February 18 and will close on February 21. The price band has been fixed between Rs 80 to Rs 85 a share.
The issue has been graded by Crisil with an IPO Grade 3, indicating average fundamentals, to the proposed IPO of V-Guard Industries. The net issue to public will constitute 25.46% of the fully diluted post issue paid-up capital of the company
