Indicative price in Pegas IPO 21.5-27 euros-source

PRAGUE, Dec 5 (Reuters) - The indicative price range for an initial public offering of artificial fabrics maker Pegas Nonwovens is 21.5 to 27 euros per share, a market source said on Tuesday.

That would value the 2.02 million new shares on offer at 43.4 to 54.5 million euros and the entire offering of new and existing shares at 113.6 to 142.7 million euros, including an overallotment option.

The company's total market capitalisation would be 202.9 to 254.9 million euros.

A second market source also said the price indication given during a road show was "in the 20s" range.

The company said in a share prospectus on Monday the maximum price would not exceed 50 euros per share, but at the same time the prospectus said the company aimed to raise gross 50 million euros from the new shares, indicating price around 25 euros per share. ((Reporting by Jan Korselt, writing by Jan Lopatka, editing by David Holmes; prague.newsroom@reuters.com; Reuters Messaging: jan.lopatka.reuters.com@reuters.net; +420-224 190 474))

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Keywords: PEGAS IPO/