|
Category :
IPO
Headline :
Paradeep Phospha announces launch of initial public offering
Date:
11/05/2022 17:30
Paradeep Phosphates Ltd. has announced public offering of 357555112 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 32.00 per share. The gross proceeds of the issue are expected to be Rs 1,50,173.15 lakhs.
The company's initial public offer (IPO) will open on 17 May 2022 and is expected to close on 19 May 2022, subject to customary closing conditions. The price band of the issue has been fixed at Rs 39.00-42.00 per share.
The IPO includes a fresh Issue of 357555112 Equity Shares of the Company at an price of Rs 42.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 350 shares with bids in multiples of 350.
Paradeep Phosphates Ltd. anticipates using the proceeds of the issue for .
ICICI SECURITIES LTD,Axis Capital Ltd.,JM Financial Ltd.,SBI Capital Markets Limited as lead manager(s) & Link Intime India Private Limited is the registrar, to the issue.
|