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In Sebi's parlance, the T Day is the IPO closing date, which means post the effect of new rules, IPOs will have to list within 3 days of the issue closing date

The company exports Make-in-India metallic flexible flow solutions to over 85 countries. Exports contribute more than 80% to the total revenues. The IPO, with a face value of Rs 2 per equity share, comprises a fresh issue of equity shares worth up to Rs 160 crore and an offer-for-sale of up to 17.5 million equity shares by the promoting shareholders.

Investors can bid for 76 shares in one lot and in multiples thereafter. About 75% of the offer is reserved for qualified institutional buyers, 15% for non-institutional investors and 10% for retail investors

India ranks 8th in the world in terms of the issue proceeds, with no cross-border deals recorded, EY India says. On the main board, 6 companies launched public offers in the June quarter, including fund raising by an infrastructure investment trust

The offer comprises fresh equity issue of up to Rs 600 crore and an offer for sale (OFS) of 1.42 crore units by selling shareholders