Pratibha Industries IPO price fixed at Rs 120

Mumbai, Mar 1 (UNI) Pratibha Industries has fixed an issue price of Rs 120 per equity share subsequent to its entry in the capital market with an initial public offer of 42,85,000 equity shares of face value of Rs 10 each.

The issue opened for subscription on February 16 and closed on 22, was oversubscribed by 23.63 times.

The shares will be listed on the Bombay Stock Exchange and the National Stock Exchange.

The book-running lead manager to the issue is Vivro Financial Services while the co-manager to the issue is Canara Bank's merchant banking division.

UNI JJ MJ AG1710