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Category :
IPO
Headline :
Ashapura Logistics announces launch of initial public offering
Date:
26/07/2024 13:14
Ashapura Logistics Ltd. has announced public offering of 3657000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 134.00 per share. The gross proceeds of the issue are expected to be Rs 5,266.08 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 136.00-144.00 per share.
The IPO includes a fresh Issue of 3657000 Equity Shares of the Company at an price of Rs 144.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1000 shares with bids in multiples of 1000.
Ashapura Logistics Ltd. anticipates using the proceeds of the issue for .
Beeline Capital Advisors Pvt. Ltd. as lead manager & KFin Technologies Ltd. is the registrar, to the issue.
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