SME issue: Papadmalji Agro Foods IPO to open for subscription tomorrow; check key details 

As per the latest business developments, SME offering Papadmalji Agro Foods will open for public subscription tomorrow, September 29, and close on October 1.

The price range has been set at Rs 69-72 per share.

The total offering size is Rs 20.18 crore, with 28,03,200 shares on offer. Of these, 18,40,000 shares are being offered to the public. The face value of equity shares of the firm is Rs 10 each.

The equity shares of the firm are proposed to be listed on the Emerge platform of the National Stock Exchange of India Limited (NSE Emerge) on October 7.

MAS Services Ltd is the registrar to the offering.

The firm plans to establish a new manufacturing unit at Bachhasar, Rajasthan, to expand its capacity.

It additionally plans to expand its geographical network beyond 21 states and three Union Territories into under-penetrated markets.