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Category :
IPO
Headline :
De Neer Tools announces launch of initial public offering
Date:
24/04/2023 12:10
De Neer Tools Ltd. has announced public offering of 2276800 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 91.00 per share. The gross proceeds of the issue are expected to be Rs 2,299.57 lakhs.
The company's initial public offer (IPO) will open on 28 April 2023 and is expected to close on 03 May 2023, subject to customary closing conditions. The price band of the issue has been fixed at Rs 95.00-101.00 per share.
The IPO includes a fresh Issue of 2276800 Equity Shares of the Company at an price of Rs 101.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1200 shares with bids in multiples of 1200.
De Neer Tools Ltd. anticipates using the proceeds of the issue for .
Khambatta Securities Ltd. as lead manager & Bigshare Services Private Limited. is the registrar, to the issue.
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