The company has allocated 37.93 lakh equity shares to 31 funds at Rs 672 apiece, aggregating the transaction size to Rs 255 crore, according to a circular uploaded on the BSE website
The IPO, with a price band of Rs 415-436 a share, would open for public subscription from April 3, and the proceeds from the fresh issue would be used towards debt payment, funding working capital requirements and general corporate purposes