News Details
Category : IPO
Headline : Ambani Organics announces launch of initial public offering
Date: 02/07/2018 10:33
Ambani Organics Ltd. has announced public offering of 1368000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 56.00 per share. The gross proceeds of the issue are expected to be Rs 902.88 lakhs.

The company's initial public offer (IPO) will open on 06 July 2018 and is expected to close on 10 July 2018, subject to customary closing conditions.

The IPO includes a fresh Issue of 1368000 Equity Shares of the Company at an price of Rs 66.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 2000 shares with bids in multiples of 2000.

Ambani Organics Ltd. anticipates using the proceeds of the issue for a) Funding Long Term Working Capital Requirement; and, b) Funding expenditure for General Corporate Purposes.

ARYAMAN FINANCIAL SERVICES LIMITED as lead manager & UNIVERSAL CAPITAL SECURITIES PRIVATE LIMITED is the registrar, to the issue.