News Details
Category : IPO
Headline : Rudrabhishek Enterpr announces launch of initial public offering
Date: 28/06/2018 17:43
Rudrabhishek Enterprises Ltd. has announced public offering of 4569000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 31.00 per share. The gross proceeds of the issue are expected to be Rs 1,873.29 lakhs.

The company's initial public offer (IPO) will open on Friday, June 29, 2018 and is expected to close on Thursday, July 5, 2018, subject to customary closing conditions.

The IPO includes a fresh Issue of 4569000 Equity Shares of the Company at an price of Rs 41.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 3000 shares with bids in multiples of 3000.

Rudrabhishek Enterprises Ltd. anticipates using the proceeds of the issue for To raise funds for long term working capital requiredfor the Business of the Company General Corporate Purpose To meet the expenses of the issue    .

Corporate Capitalventures Pvt. Ltd.,Khambatta Securities Ltd as lead manager(s) & Skyline Financial Services Pvt Ltd is the registrar, to the issue.