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Category :
IPO
Headline :
Nirman Agri Genetics announces launch of initial public offering
Date:
09/03/2023 11:40
Nirman Agri Genetics Ltd. has announced public offering of 2050800 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 89.00 per share. The gross proceeds of the issue are expected to be Rs 2,030.29 lakhs.
The company's initial public offer (IPO) will open on 15 March 2023 and is expected to close on 20 March 2023, subject to customary closing conditions.
The IPO includes a fresh Issue of 2050800 Equity Shares of the Company at an price of Rs 99.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1200 shares with bids in multiples of 1200.
Nirman Agri Genetics Ltd. anticipates using the proceeds of the issue for Funding additional Working capital requirements Investment in Strategic Acquisition / Joint Venture Purchase of Computer and other hardware General Corporate Purposes.
FIRST OVERSEAS CAPITAL LIMITED as lead manager & Bigshare Services Private Limited. is the registrar, to the issue.
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