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Krishna Defence and Allied Industries Ltd IPO Details

Krishna Defence and Allied Industries Ltd IPO Details

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Krishna Defence and Allied Industries Ltd IPO Details:

Krishna Defence and Allied Industries Ltd. has announced public offering of 30480000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 29.00 per share. The gross proceeds of the issue are expected to be Rs 11,887.20 lakhs.

The company's initial public offer (IPO) will open on 25 March 2022 and is expected to close on 29 March 2022, subject to customary closing conditions. The price band of the issue has been fixed at Rs 37.00-39.00 per share.

The IPO includes a fresh Issue of 30480000 Equity Shares of the Company at an price of Rs 39.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 3000 shares with bids in multiples of 3000.

Krishna Defence and Allied Industries Ltd. anticipates using the proceeds of the issue for .

Hem Securities Ltd as lead manager & Bigshare Services Pvt. Ltd. is the registrar, to the issue.

If the Krishna Defence and Allied Industries Ltd is something that you’re looking to invest in come 25 March 2022, it would be a good idea to start the demat account opening process right away.

Apply online IPO or Contact Libord Broking now to open demat account online within minutes.

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