The anchor investor bidding will start on March 1 and the offer will close on March 6. Allotment will be on March 7 and credit of shares to depository accounts will be on March 11. The stock will be listed on exchanges on March 12.
Cadila Pharma-backed IRM Energy Limited and Kanpur-based Lohia Corp have received their final observation from the capital markets regulator, Securities and Exchange Board of India, to raise funds through an initial public offering.
Lohia Corp, manufacturer of machinery used in the production of technical textiles, has filed draft papers with capital markets regulator Sebi to garner funds through an Initial Public Offering (IPO).