Prataap Snacks IPO Price Band at ₹ 930-938

The Economic Times - - Markets: Beating Volatility -

Se­quoia Cap­i­tal-backed snacks maker Prataap Snacks has fixed the price band of its IPO at ₹ 930-938 per share. The IPO will open on Septem­ber 22 and close on Septem­ber 26. The IPO in­cludes fresh is­sue of shares worth up to ₹ 200 crore and an of­fer for sale of up to 30 lakh shares by Se­quoia Cap­i­tal and some other pro­mot­ers. The min­i­mum bid is 15 shares and in mul­ti­ples of 15 af­ter that. The is­sue in­cludes reser­va­tion of up to 42,000 shares for com­pany’s em­ploy­ees, who will get a dis­count of ₹ 90 to the is­sue price. Edel­weiss Fi­nan­cial Ser­vices, JM Fi­nan­cial and Spark Cap­i­tal are bankers to the is­sue.

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