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Category :
IPO
Headline :
Le Merite Exports announces launch of initial public offering
Date:
18/04/2022 14:50
Le Merite Exports Ltd. has announced public offering of 6400000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 65.00 per share. The gross proceeds of the issue are expected to be Rs 4,800.00 lakhs.
The company's initial public offer (IPO) will open on 25 April 2022 and is expected to close on 28 April 2022, subject to customary closing conditions.
The IPO includes a fresh Issue of 6400000 Equity Shares of the Company at an price of Rs 75.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1600 shares with bids in multiples of 1600.
Le Merite Exports Ltd. anticipates using the proceeds of the issue for .
Fedex Securities Private Limited as lead manager & Bigshare Services Pvt. Ltd. is the registrar, to the issue.
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