Wednesday, Apr 24 2024 | Time 09:48 Hrs(IST)
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GRSE announces IPO tom raise funds of Rs 440 cr for diversification of Kolkata based PSU

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 valueof Rs 10 each per share comprising a offer for sale 29,210,760 equity shares and expect and expects to raise over Rs 440 crore.
Announcing this GRSE chairman and managing director Rear Admiral (retd) Vipil 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.
The equity shares are proposed to to be listed on BSE NSE.
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