India, May 13 -- GMR Solutions Inc. (GMR), a provider of emergency medical services, announced the pricing of its initial public offering of 31,914,893 Class A common shares at $15 per share.
The Shares are expected to begin trading on the New York Stock Exchange on May 13, under the symbol "GMRS".
The company has also granted the underwriters a 30-day option to purchase up to an additional 4,787,233 shares to cover over-allotments.
GMR plans to use the net proceeds to redeem certain outstanding shares of Series B preferred stock.
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Remaining net proceeds, along with funds from a $500.0 million concurrent private placement transaction and cash on hand, w...