Shares of the demerged entity of Triveni Engineering and Industries are set to list on stock exchanges on October 12, marking the final step of the company’s restructuring. The demerger, approved by shareholders and regulators, splits the company’s businesses into separate listed entities to unlock shareholder value.

Investors who held Triveni Engineering shares on the record date will receive shares of the new entity. Analysts say the listing will give investors a focused exposure to the demerged business, which has so far been valued as part of a conglomerate.

The stock is expected to see price discovery in the first few sessions as the market assigns a standalone value to the business. Triveni Engineering is one of India’s largest sugar producers, with interests in engineering and power.

Market watchers will track the listing for cues on how investors value the separated businesses and whether the demerger delivers the promised gains.

Demergers have become a popular route for Indian conglomerates to unlock value, with several large groups splitting businesses in recent years. Investors will watch whether the new entity commands a premium as a focused business.