Shree Ganesh Jewellery announces Price band for IPO

Shree Ganesh Jewellery House limited has announced its price band for its IPO which opens on Friday the 19th March and closes on Tuesday the 23rd of March. The price band is Rs 260-270. The issue consists of a fresh issue of 1,21,36,497 shares and an offer for sale of 21,33,334 shares by the private equity investor Credit Suisse PE Asia Investments (Mauritius) Limited

The total issue of 1,42,69,831 shares would raise between Rs 371 crs to 385 crs. The company has been graded by CARE and issued a grading of 3/5.

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