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Category :
IPO
Headline :
Auro Impex & Chemic announces launch of initial public offering
Date:
09/05/2023 12:10
Auro Impex & Chemicals Ltd. has announced public offering of 3470400 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 68.00 per share. The gross proceeds of the issue are expected to be Rs 2,706.91 lakhs.
The company's initial public offer (IPO) will open on 11 May 2023 and is expected to close on 15 May 2023, subject to customary closing conditions. The price band of the issue has been fixed at Rs 74.00-78.00 per share.
The IPO includes a fresh Issue of 3470400 Equity Shares of the Company at an price of Rs 78.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1600 shares with bids in multiples of 1600.
Auro Impex & Chemicals Ltd. anticipates using the proceeds of the issue for .
Affinity Global Capital Market Pvt. Ltd. as lead manager & CAMEO CORPORATE SERVICES LTD. is the registrar, to the issue.
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