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Category :
IPO
Headline :
Prospect Commodities announces launch of initial public offering
Date:
06/03/2023 13:00
Prospect Commodities Ltd. has announced public offering of 1226000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 51.00 per share. The gross proceeds of the issue are expected to be Rs 747.86 lakhs.
The company's initial public offer (IPO) will open on 08 March 2023 and is expected to close on 10 March 2023, subject to customary closing conditions.
The IPO includes a fresh Issue of 1226000 Equity Shares of the Company at an price of Rs 61.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 2000 shares with bids in multiples of 2000.
Prospect Commodities Ltd. anticipates using the proceeds of the issue for .
Interactive Financial Services Ltd. as lead manager & Bigshare Services Private Limited. is the registrar, to the issue.
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