Flexituff International set its ipo issue price at Rs 145-155 a stock

Flexituff International , a major integrated producer of flexible intermediate bulk containers (FIBC), has set its ipo issue price at higher_end of ipo price band of Rs 145-155 a stock.

The firm garnered Rs 104.625 cr via the provide of 67.5 lakh equity stocks. Flexituff will get Rs 69.75 cr through the issue proceeds, and also the balance amount of Rs 34.875 cr will be obtained by Clearwater Capital Partners (Cyprus), through diluting 15.77percent share. Post issue, Clearwater holds 10.30percent share in the firm.

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