A2Z Group

A2Z IPO price band at Rs. 400-410

A2Z IPO price band at Rs. 400-410

The IPO of A2Z that is going to close on December 10 is going to see a price band of Rs. 400-410.

The engineering, procurement and construction firm had declared that it will enter the capital market from December 8. It will comprise of fresh issue of equity shares of Rs. 10 each. Keeping that in mind the total proceeds are going to be Rs. 6,760 million.

Besides this, an offer of sale of 4556,193 equity shares of Rs. 10 each during the issue is going to be made to the shareholders. Employees are going to be given shares at a discount of 5 per cent.