Energy Mission Machineries IPO opens May 9

New Delhi: Energy Mission Machineries (India) Ltd on Monday said it has fixed the price band at Rs131-138 per equity share for its initial public offering which will hit the capital market on Thursday to raise around Rs41 crore.

The public issue of Energy Mission Machineries (India) will open on May 9 and conclude on May 13, and the shares will be listed on NSE SME’s platform, Emerge, the company said in a statement.

The public offer is entirely a fresh issue of 29.82 lakh Equity shares of Rs10 face value and no Offer for Sale component, according to the red herring prospectus (RHP).