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Adroit Industries launches Rs 150.71 crore IPO with fresh issue and OFS
Reported by Harshdeep Singh (Fact-Checker) · Economic Times - Markets ·
Reported by one source so far
Representative image · Wikimedia CommonsAdroit Industries is set to list shares today in an IPO worth Rs 150.71 crore. The offering combines a fresh issue of roughly 9.9 million shares that will bring in about Rs 132.62 crore, and an offer‑for‑sale of 1.35 million shares amounting to Rs 18.09 crore. The company fixed the price band for the issue between Rs 126 and Rs 134 per share.
Context
The IPO follows a common practice where companies raise fresh capital while existing shareholders sell a portion of their holdings, giving investors both new and secondary shares in a single transaction.
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