Mumbai: Apparel maker Bang Overseas Ltd has priced its 3.5 million shares initial public offer in the Rs 200-207 band, an advertisement published over the weekend in the Economic Times daily said.
The offer, which represents 25.8 per cent of the post-issue capital, will raise Rs 72.45 crore at the top end of the price band and values the firm at Rs 281 crore.
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The company said in its offer document it plans to use the Rs 11.13 crore from the proceeds to build its brand and retail network, Rs 36.94 for a new manufacturing unit and Rs 10.23 crore for warehouses.
The offer, which represents 25.8 per cent of the post-issue capital, will raise Rs 72.45 crore at the top end of the price band and values the firm at Rs 281 crore.
• Check out our Yearender Special
The company said in its offer document it plans to use the Rs 11.13 crore from the proceeds to build its brand and retail network, Rs 36.94 for a new manufacturing unit and Rs 10.23 crore for warehouses.
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