Torpol sets IPO price

Torpol, rail infrastructure arm of Polimex-Mostostal, a construction company, is to issue an IPO numbering 7.4 million shares with an additional 15.57 million shares on sale by Polimex-Mostostal. Torpol and Polimex-Mostostal are offering their shares at PLN 8 per share. More than 90 percent of the shares on offer are to be sold to institutional investors. Torpol plans to raise PLN 52 million from the sale of their pool of shares, as reported by PAP.