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Torpol sets issue price in IPO at PLN 8
Builder Polimex-Mostostal's rail infrastructure unit Torpol set the issue price in the IPO of 7.4 million new shares and 15.57 million existing shares on sale by the parent at PLN 8 apiece, an annex to the prospectus showed.

Of the total 22.97 million shares on offer, 1,148,500 will be addressed to retail investors and 21,821,500 to institutional investors, the firm said.

Torpol intended to take roughly PLN 52 million from sale of up to 7.4 million new shares, the firm said in the issue prospectus published Monday.