Abhishek Integration announces launch of initial public offering

07 Jun 2021

Abhishek Integrations Ltd. has announced public offering of 990000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 40.00 per share. The gross proceeds of the issue are expected to be Rs 495.00 lakhs.

The company's initial public offer (IPO) will open on 08 June 2021 and is expected to close on 11 June 2021, subject to customary closing conditions.

The IPO includes a fresh Issue of 990000 Equity Shares of the Company at an price of Rs 50.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 3000 shares with bids in multiples of 3000.

Abhishek Integrations Ltd. anticipates using the proceeds of the issue for
To Meet Incremental Working Capital Requirements General Corporate Purpose To meet Public Issue Expenses.

BEELINE BROKING LIMITED as lead manager & Link Intime India Private Limited is the registrar, to the issue.

Source: Dion Global Type: IPO Related

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