LCC Projects fixes IPO price band at ₹139-146 per share; issue opens on Sep 9
The ₹427-crore IPO will open for subscription on September 9 and close on September 11
LCC Projects Ltd has announced a price range of ₹139-146 per share for its forthcoming IPO. The company plans to issue equity shares totaling ₹258 crore and an offer-for-sale of up to 1,15,85,000 shares. The IPO, valued at ₹427 crore, will be available for subscription from September 9 to September 11. Anchor investor bidding will occur on September 8.
The proceeds will be allocated towards equipment acquisition, debt repayment, and general corporate needs. LCC Projects is an EPC firm with a two-decade track record of executing projects in irrigation, water supply, and related sectors. The shares will be listed on both the BSE and NSE on September 17, with Motilal Oswal Investment Advisors as the book-running lead manager and KFin Technologies as the registrar.
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- LCC Projects IPO Set To Open September 9, Price Band Fixed At ₹139-146 Per Share freepressjournal.in
