India, June 25 -- On Thursday, DPC Holdings Ltd. or Doncasters, an aerospace company for turbines, announced the pricing of its upsized initial price offering or IPO of its around 27.86 million ordinary shares at a public offering price of $33 per share.
The gross proceeds from the offering are expected to be approximately $919.3 million, before underwriting discounts, commissions and estimated offering expenses.
In addition, the company has provided underwriters a 30-day option to purchase an additional 4.18 million shares at the IPO price, less underwriting discounts and commissions.
The gross proceeds would be about $1.06 billion if the underwriters exercise their over-allotment option in full.
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