New Delhi, May 21 -- The initial public offering (IPO) of Autofurnish opened for subscription today, 21 May, and will close on Monday, 12 May. The IPO price band for the SME IPO has been set at Rs.41 per share.

The company aims to raise Rs.15 crore from this issue, which is entirely a fresh issue of 36 lakh shares.

The IPO allotment is expected on Tuesday, 26 May, while successful applicants are likely to receive their shares on Wednesday, 27 May. Refunds for non-allottees will also be processed on the same day. The stock is scheduled to list on BSE SME with a tentative listing date of 29 May, Friday.

The proceeds from the issue will be mainly used for working capital requirements and general corporate purposes.

Investors can apply fo...