Page Industries IPO fixed at Rs 360 per equity share

Mumbai, Mar 1 (UNI) Page Industries Limited, the exclusive licensee of US-based Jockey International Inc for India, Sri Lanka, Nepal, Bangladesh and Maldives today fixed their Issue Price at Rs 360 for its Initial Public Offering (IPO) of 28,04,000 equity shares.

The Board of Directors, at its meeting held today have decided to fix the Issue Price at Rs 360, keeping in mind the interest of investors and as a token of appreciation of their support, an official release here said.

The Company received 40.42 lakh bids as against its Issue size of 28.04 lakh equity shares. Out of 40.42 lakh bids, 34.91 lakh bids were received at the cut off price and upper end of the Price Band, which is Rs 395.

The Book Running Lead Manager (BRLM) to the Issue is IL&FS Investsmart Limited and the shares are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), the release added.

The Issue had earlier closed for subscription on February 27, this year and was subscribed by 1.44 times, according to the National Stock Exchange (NSE) data.

UNI