News Details
Category : IPO
Headline : Bonlon Industries announces launch of initial public offering
Date: 26/06/2020 15:20
Bonlon Industries Ltd. has announced public offering of 3756000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 18.00 per share. The gross proceeds of the issue are expected to be Rs 1,051.68 lakhs.

The company's initial public offer (IPO) will open on 30 June 2020 and is expected to close on 03 July 2020, subject to customary closing conditions.

The IPO includes a fresh Issue of 3756000 Equity Shares of the Company at an price of Rs 28.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 4000 shares with bids in multiples of 4000.

Bonlon Industries Ltd. anticipates using the proceeds of the issue for To meet the working capital requirements of the Company, To meet Issue Expenses.

SARTHI CAPITAL ADVISORS PRIVATE LIMITED as lead manager & Bigshare Services Pvt. Ltd. is the registrar, to the issue.