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SE Fruits and Vegetable IPO book-building subscribed in two hours
The book-building portion of SE Fruits and Vegetable Limited’s Initial Public Offering (IPO) was fully subscribed within two hours of opening on Monday. Bidding will continue until September 22, and the final strike price will be determined upon completion of the book-building process, a statement said. SE Fruits and Vegetable Limited is offering 30 million ordinary shares, representing 32.01% of its post-IPO paid-up capital. The IPO has a floor price of Rs40 per share, while the strike price may rise by up to 60% to a maximum of Rs64 per share, depending on investor demand. The company will r...
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