Tara Health Foods IPO: Price band announced

Tara Health Foods Limited is tapping the capital markets with an IPO which opens on Wednesday the 28th of April and closes on Friday the 30th of April. The price band is fixed between Rs 180-190. The company plans to issue 1 crore shares and would raise Rs 180-190 crs through the IPO. The business of the company is health and nutrition for both human beings and cattle feed. The company produces edible oil for human beings and cattle feed.

The issue would consist of a 50% reservation for QIB’s, 15% for HNI’s and 35% for retail investors. The market cap of the company post issue would be Rs 540.79 crs at the lower end and Rs 570.84 cr5s at the upper end of the price band.

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