Through the IPO, Namita Thapar will offload a partial stake of about 12.68 lakh shares under the offer for sale (OFS) component.
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Namita Thapar acquired her shares in Emcure at a weighted average price of Rs 3.44 per share. With the upper price band of the IPO set at Rs 1,008, her stake sale is expected to generate around Rs 127 crore.
Through the IPO, Namita Thapar will offload a partial stake of about 12.68 lakh shares under the offer for sale (OFS) component.
Emcure IPO: The price range of the IPO is ₹960-1,008 per share and investors can bid for 14 shares in one lot.
Brokerage houses have pegged the company's market capitalisation to over Rs 19,000 crore post-issue.
The Chhattisgarh based company manufactures Sponge Iron, M S Billets, and TMT bars under the Vraj brand.
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