Wednesday, May 8 2024 | Time 07:28 Hrs(IST)
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GRSE announces IPO to raise funds of Rs 340 cr for diversification of Kolkata based PSU

(rpt,correcting para 1,line 3)
Kolkata, Sep 19 (UNI) The Garden Reach Shipbuilders and Engineers (GRSE), a Mini Ratna defence public sector undertaking-DPSU- seeking disinvestment partly on Wednesday announced its maiden initial public offering (ipo) of equity shares of face value of Rs 10 each per share comprising a offer for sale 29,210,760 equity shares and expect and expects to raise over Rs 340 crore.
Announcing this GRSE chairman and managing director Rear Admiral (retd) Vipin Kumar Saxena said the IPO will open on September 24-26 for a period of three days. The price band is set at Rs 115-118 per share.
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