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Category :
IPO
Headline :
Akums Drugs & Pharma announces launch of initial public offering
Date:
26/07/2024 11:10
Akums Drugs & Pharmaceuticals Ltd. has announced public offering of 27345162 shares at a price of Rs 2.00 each for Cash at a Premium of Rs 677.00 per share. The gross proceeds of the issue are expected to be Rs 1,85,673.65 lakhs.
The company's initial public offer (IPO) will open on 30 July 2024 and is expected to close on 01 August 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 646.00-679.00 per share.
The IPO includes a fresh Issue of 27345162 Equity Shares of the Company at an price of Rs 679.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 22 shares with bids in multiples of 22.
Akums Drugs & Pharmaceuticals Ltd. anticipates using the proceeds of the issue for .
ICICI SECURITIES LTD,Citigroup Global Markets India Pvt.Ltd.,Axis Capital Ltd.,Ambit Private Limited as lead manager(s) & Link intime India Pvt. Ltd. is the registrar, to the issue.
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