News Details
Category : IPO
Headline : Comrade Appliances L announces launch of initial public offering
Date: 25/05/2023 13:11
Comrade Appliances Ltd. has announced public offering of 2278000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 44.00 per share. The gross proceeds of the issue are expected to be Rs 1,230.12 lakhs.

The company's initial public offer (IPO) will open on 31 May 2023 and is expected to close on 05 June 2023, subject to customary closing conditions. The price band of the issue has been fixed at Rs 52.00-54.00 per share.

The IPO includes a fresh Issue of 2278000 Equity Shares of the Company at an price of Rs 54.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 2000 shares with bids in multiples of 2000.

Comrade Appliances Ltd. anticipates using the proceeds of the issue for .

Gretex Corporate Services Pvt. Ltd. as lead manager & Bigshare Services Private Limited. is the registrar, to the issue.