IT People India Ltd on Friday said it has fixed the price band of its Follow-on Public offer between Rs 30 and Rs 32 a share and is expecting to raise about Rs 45.25 crore through the issue.
The board of directors approved the fixing of the price band of its FPO which is 15 times of the face value at the lower end of the price band and 16 times at the higher end, the company said in a filing to the Bombay Stock Exchange.
A bidding lot is of minimum 200 equity shares and in multiples of 200 equity shares thereafter, it said.
The Follow on public issue of equity shares would open on August 27 and close on August 31, it added.
The board of directors approved the fixing of the price band of its FPO which is 15 times of the face value at the lower end of the price band and 16 times at the higher end, the company said in a filing to the Bombay Stock Exchange.
A bidding lot is of minimum 200 equity shares and in multiples of 200 equity shares thereafter, it said.
The Follow on public issue of equity shares would open on August 27 and close on August 31, it added.
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