Sita Shree to raise Rs 31.50 cr through IPO

Mumbai, Mar 3 (UNI) Indore-based Sita Shree Food Products Limited today announced that it will raise Rs 31.50 crore through an initial public offer (IPO), with price band fixed at Rs 27 to Rs 30 per equity share.

The issue will be open for subscription from March 11 and will close on March 14. The proceeds will fund its Rs 48.12 crore expansion plan, which includes setting up of a solvent extraction plant, an oil refinery for the same plant and a flour mill at Badiakima in Indore, Madhya Pradesh, the company said.

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