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Category :
IPO
Headline :
Amkay Products announces launch of initial public offering
Date:
24/04/2024 19:50
Amkay Products Ltd. has announced public offering of 2292000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 45.00 per share. The gross proceeds of the issue are expected to be Rs 1,260.60 lakhs.
The company's initial public offer (IPO) will open on 30 April 2024 and is expected to close on 03 May 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 52.00-55.00 per share.
The IPO includes a fresh Issue of 2292000 Equity Shares of the Company at an price of Rs 55.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 2000 shares with bids in multiples of 2000.
Amkay Products Ltd. anticipates using the proceeds of the issue for .
Hem Securities Ltd as lead manager & Bigshare Services Private Limited. is the registrar, to the issue.
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