Stock Report

Welspun Corp's JV fixes price band for IPO in Saudi Arabia



Posted On : 2022-01-12 14:48:53( TIMEZONE : IST )

Welspun Corp's JV fixes price band for IPO in Saudi Arabia

The Board of Directors of East Pipes Integrated Company for Industry (Formerly Welspun Middle East Pipes LLC) established in the Kingdom of Saudi Arabia ("EPIC") in consultation with the Book Running Lead Managers have finalized the price band to range between SAR 72 to SAR 80 per Share. Bidding and book-building period for participating entities: from 11th January 2022 to 17th January 2022.

The proposed Initial Public Offering of the Saudi Joint Venture, East Pipes Integrated Company for Industry ("EPIC") will be for (6,300,000) shares representing (30%) of its share capital ("Offer").

Shares of Welspun Corp Limited was last trading in BSE at Rs. 179.00 as compared to the previous close of Rs. 181.35. The total number of shares traded during the day was 66260 in over 1536 trades.

The stock hit an intraday high of Rs. 184.15 and intraday low of 178.75. The net turnover during the day was Rs. 11986421.00.

Source : Equity Bulls

Keywords

WelspunCorp INE191B01025 WELCORP IPO SaudiArabia FundRaising