New Delhi, Dec. 12 -- The initial public offering (IPO) of Ashwini Container Movers opened for bidding on Friday, December 12 and will close next week on Tuesday, December 16.

The company is looking to raise Rs.71 crore via the maiden share sale, which is priced in the range of Rs.135 to Rs.142 apiece.

Ashwini Container Movers IPO is entirely a fresh issue of 0.50 crore shares, meaning all proceeds will be received by the company, which it plans to use for repayment of borrowings availed by it and funding capital expenditure and general corporate purposes.

Investors can apply for the IPO in lots of 1000 shares. With the retail investors required to apply for at least two lots, the minimum investment requirement at the upper end of the ...