Wiscon Industries, a New Delhi-based supplier of consumer electronic products, on Monday raised Rs 25 crore through its anchor book ahead of the opening of its initial public offering (IPO).
The public issue will open for subscription on October 27 and close on October 29. The price band has been fixed at Rs 194–204 per share.
The company aims to raise Rs 110 crore through the IPO, which comprises 53.92 lakh equity shares, including a fresh issue of 43.14 lakh shares and an offer for sale (OFS) of 10.78 lakh shares by a promoter.
Wiscon Industries has finalised the allotment of 12.25 lakh equity shares to five anchor investors, including LRSD Capital, PSEB Alpha Fund and Mastergrowth 369 Alternate Investment Trust.
The company markets consumer electronic products, including LED televisions, air coolers, washing machines and air conditioners, under its flagship brand, Wiscon. It serves both business-to-business (B2B) and business-to-consumer (B2C) customers in India. In addition, the company sells electric scooters under a third-party brand.