Shri Techtex IPO to open on July 26; fixes price band at Rs 54-61/share

Technical textile manufacturer, Shri Techtex, has set a price range of INR54-61 ($0.73-$0.82) per share for its initial public offering, which is set to launch on 26 July. The issue, which closes on 28 July, has a target of INR45.14 crore ($6m). Shri Techtex will use money raised from the IPO to build a factory