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Friday Nov 15, 2024
Tuesday, 26 December 2017 02:19 - - {{hitsCtrl.values.hits}}
Family-owned Jetwing Sympony Ltd. has attracted 346 applications for its Rs. 750 million IPO.
From the responses, two applications with a payment made by bank guarantee had accounted for over half of the IPO value of Rs. 451.7 million. The balance 344 applications are, at a retail level, requesting Rs. 336.4 million shares. A total of 346 applications have requested Rs. 788.2 million shares.
Jetwing Symphony is the investment arm of the Jetwing leisure and travel group. The IPO of 10% stake was based on a formal book-building process with a price band ranging from Rs. 15-18.
The IPO funds will be utilised to complete Jetwing Symphony’s projects in the pipeline and settle debt payments.
Capital Alliance Partners is the manager to the issue.
