News Details
Category : IPO
Headline : Suratwwala Business announces launch of initial public offering
Date: 30/07/2020 12:00
Suratwwala Business Group Ltd. has announced public offering of 4600000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 5.00 per share. The gross proceeds of the issue are expected to be Rs 690.00 lakhs.

The company's initial public offer (IPO) will open on 03 August 2020 and is expected to close on 05 August 2020, subject to customary closing conditions.

The IPO includes a fresh Issue of 4600000 Equity Shares of the Company at an price of Rs 15.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 8000 shares with bids in multiples of 8000.

Suratwwala Business Group Ltd. anticipates using the proceeds of the issue for To meet Working Capital requirements General Corporate Purpose To meet issue expenses.

Hem Securities Ltd as lead manager & Link Intime India Private Limited is the registrar, to the issue.