The offer of up to 87 lakh shares, including the anchor portion of 24,90,000, with a face value of Rs 10 each, is in the price band of Rs 171-175.
At the upper end, it can fetch up to Rs 152.25 crore while at the lower limit, the company will raise at least Rs 148.77 crore.
The IPO comprises fresh issue of 72.50 lakh shares and an offer for sale of 14.50 lakh by promoters.
Proceeds from the issue will be utilised towards setting up a new shrimp processing unit with a capacity of 20,000 tonnes per annum in Andhra Pradesh and for general corporate purposes. The shares will be listed on NSE and BSE.