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Category :
IPO
Headline :
Fone4 Communication announces launch of initial public offering
Date:
19/04/2022 10:40
Fone4 Communications (India) Ltd. has announced public offering of 6800000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 0.00 per share. The gross proceeds of the issue are expected to be Rs 680.00 lakhs.
The company's initial public offer (IPO) will open on 25 April 2022 and is expected to close on 27 April 2022, subject to customary closing conditions.
The IPO includes a fresh Issue of 6800000 Equity Shares of the Company at an price of Rs 10.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 10000 shares with bids in multiples of 10000.
Fone4 Communications (India) Ltd. anticipates using the proceeds of the issue for .
Finshore Management Services Ltd. as lead manager & CAMEO CORPORATE SERVICES LTD is the registrar, to the issue.
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