Gujarat-based peanut butter maker Mother Nutri Foods is set to launch its maiden public issue next week on November 26, with price band of Rs 111-117 per share.

The company is raising Rs 39.6 crore via initial public offering (IPO) of 33.84 lakh shares at the upper price band. The IPO is a combination of fresh issue of 27.07 lakh shares, and an offer-for-sale of 6.76 lakh shares by promoter Umeshbhai Kantilal Sheth.

The one-day anchor book portion of the IPO will be launched on November 25, while the offer will remain open for the public till November 28.

The IPO share allotment will be finalised by December 1, while the trading in Mother Nutri Foods shares will commence on the BSE SME effective December 3.

The B2B peanut butter manufacturing company offering products in several flav

See Full Page