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Category :
IPO
Headline :
eMudhra announces launch of initial public offering
Date:
13/05/2022 19:10
eMudhra Ltd. has announced public offering of 16124456 shares at a price of Rs 5.00 each for Cash at a Premium of Rs 251.00 per share. The gross proceeds of the issue are expected to be Rs 41,278.61 lakhs.
The company's initial public offer (IPO) will open on 20 May 2022 and is expected to close on 24 May 2022, subject to customary closing conditions. The price band of the issue has been fixed at Rs 243.00-256.00 per share.
The IPO includes a fresh Issue of 16124456 Equity Shares of the Company at an price of Rs 256.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 58 shares with bids in multiples of 58.
eMudhra Ltd. anticipates using the proceeds of the issue for .
YES Securities (India) Ltd.,IIFL Securities Limited,INDORIENT FINANCIAL SERVICES LIMITED as lead manager(s) & Link Intime India Private Limited is the registrar, to the issue.
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