Shri Techtex IPO to open on July 26

New Delhi: Ahmedabad-headquartered technical textile manufacturer Shri Techtex on Monday said it has set a price band of Rs54-61 per share for its initial share sale, which will hit the capital market on July 26. The public issue will conclude on July 28 and the bidding for anchor investors will open on July 25, the company said in a statement. The company’s shares will be listed on SME Emerge platform of the National Stock Exchange after the initial public offer. At the upper end of the price band, the issue plans to raise Rs45.14 crore. The issue comprises a fresh issue of 74 lakh equity shares.