New Delhi, Dec. 22 -- The Rs.40.39 crore initial public offering (IPO) of Dachepalli Publishers kicked off for bidding on Monday, December 22, in a heavy week for SME offerings. Dachepalli Publishers IPO will close for bidding on Wednesday, December 24.

The company, engaged in the publishing industry, has priced its IPO in the range of Rs.100 to Rs.102 per share. Dachepalli Publishers IPO is entirely a fresh share sale of 0.40 crore shares, with no offer-for-sale (OFS) component. This means all proceeds will be received by the company.

Dachepalli Publishers IPO has a lot size of 1200 shares. The retail investors need at least Rs.2,44,800 to apply for the share sale as they need to subscribe for at least two lots.

The company plans to u...