Krupalu Metals IPO, Sept. 8 -- The Rs.13.48-crore initial public offering (IPO) of Krupalu Metals kicked off for bidding on Monday, September 8. The issue, which is slated to close on September 11, is entirely a fresh issue of 0.19 crore shares.

It is a fixed price issue of Rs.72 per share, wherein investors can apply for the IPO in lots of 1,600 shares. A retail investor needs to apply for a minimum of two lots, needing an investment of Rs.2,30,400.

The company plans to use the funds raised from the share sale for funding capital expenditure such as the purchase of additional plant and machinery, meeting working capital needs and issue-related expenses, along with general corporate purposes.

The allotment date for Krupalu Metals IPO i...