News Details
Category : IPO
Headline : Rajnish Wellness announces launch of initial public offering
Date: 28/06/2018 17:43
Rajnish Wellness Ltd. has announced public offering of 1261200 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 85.00 per share. The gross proceeds of the issue are expected to be Rs 1,198.14 lakhs.

The company's initial public offer (IPO) will open on Monday, June 25, 2018 and is expected to close on Wednesday, June 27, 2018, subject to customary closing conditions.

The IPO includes a fresh Issue of 1261200 Equity Shares of the Company at an price of Rs 95.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1200 shares with bids in multiples of 1200.

Rajnish Wellness Ltd. anticipates using the proceeds of the issue for Funding of working capital requirements of the Company, Funding of Branding and Advertisement expenses, To meet General corporate purposes, To meet the expenses of the Issue.

NAVIGANT CORPORATE ADVISORS LIMITED as lead manager & Bigshare Services Pvt. Ltd. is the registrar, to the issue.