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Category :
IPO
Headline :
Sudarshan Pharma Ind announces launch of initial public offering
Date:
02/03/2023 12:20
Sudarshan Pharma Industries Ltd. has announced public offering of 6862400 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 63.00 per share. The gross proceeds of the issue are expected to be Rs 5,009.55 lakhs.
The company's initial public offer (IPO) will open on 09 March 2023 and is expected to close on 14 March 2023, subject to customary closing conditions. The price band of the issue has been fixed at Rs 71.00-73.00 per share.
The IPO includes a fresh Issue of 6862400 Equity Shares of the Company at an price of Rs 73.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1600 shares with bids in multiples of 1600.
Sudarshan Pharma Industries Ltd. anticipates using the proceeds of the issue for .
Gretex Corporate Services Pvt. Ltd. as lead manager & KFIN Technologies Pvt. Ltd. is the registrar, to the issue.
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