The refunds will be done by September 14 and credit of equity shares to demat accounts of allottees will be on September 15. The stock will be listed on the exchanges on September 18.
In the current week, IPOs of three companies including Ratnaveer Precision Engineering, Jupiter Life Line Hospitals, and EMS Ltd, will open for subscription.
The issue, which closes on September 8, comprises fresh equity of Rs 542 crore and an offer for sale of up to 4.45 million equity shares. Under the OFS, Devang Vasantlal Gandhi will offload up to 1.25 million equity shares. Jointly with Neeta Gandhi, Devang will sell 9 lakh units