The report statement is that the subscriptions to the IPO will start on Sept. 24 and will conclude on Sept. 28. Real estate developer Ashoka Buildcon has setup a price band of Rs297-324 per share for its Rs2.25 billion initial public offer (IPO), as per the report. The statement confined that the subscriptions to the IPO will commence on Sept. 24 and conclude on Sept. 28.

Enam Securities and IDFC Capital are the guiding managers to the proposal while Motilal Oswal Investment Advisors is the co-lead manager according to the report. Infrastructure developer Ashoka Buildcon will strike the capital markets with its Rs 225 crore primary public proposal on September 24.

The issue will unite commencing from September 24 to September 28, as per merchant banking source.

Anchor investors, if any, are needed to put forward their bids one day earlier to the IPO starting date, further he expressed that The Company is engrossed in the constructing and operation of roads and bridges on a build operate and transfer (BOT) base.

Ratings agency Crisil Equities has given a grade of 4/5 to the projected IPO, representing that the essentials of the subject matter are above average.