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Category :
IPO
Headline :
Remus Pharmaceutic announces launch of initial public offering
Date:
11/05/2023 14:10
Remus Pharmaceuticals Ltd. has announced public offering of 388000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 1,219.00 per share. The gross proceeds of the issue are expected to be Rs 4,768.52 lakhs.
The company's initial public offer (IPO) will open on 17 May 2023 and is expected to close on 19 May 2023, subject to customary closing conditions. The price band of the issue has been fixed at Rs 1,150.00-1,229.00 per share.
The IPO includes a fresh Issue of 388000 Equity Shares of the Company at an price of Rs 1,229.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 100 shares with bids in multiples of 100.
Remus Pharmaceuticals Ltd. anticipates using the proceeds of the issue for .
Beeline Capital Advisors Pvt. Ltd. as lead manager & Link Intime India Private Limited is the registrar, to the issue.
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