Crystal Crop Protection Ltd has fixed the price band for its upcoming initial public offering (IPO) at Rs 259-272 per equity share, valuing the agrochemicals company at around Rs 4,438 crore at the upper end of the price band.
The company aims to raise Rs 456 crore through the public issue, which will open for subscription on November 18 and close on November 20. The bidding for anchor investors will take place on November 17.
The IPO comprises a fresh issue of equity shares worth up to Rs 355 crore and an offer for sale (OFS) of shares aggregating up to Rs 101 crore.
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Under the OFS, existing shareholders will sell part of their holdings, with the proceeds going to the selling shareholders rather than the company.