Rachana Infrastructure Ltd IPO Details, Date
Author: Libord Brokerage Pvt. Ltd Posted on 20 May 2022 14:37:21Category : ipo news
Rachana Infrastructure Ltd Details:
Rachana Infrastructure Ltd has announced public offering of 5650000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 128.00 per share. The gross proceeds of the issue are expected to be Rs 7,797.00 lakhs.
The company's initial public offer (IPO) will open on 20 May 2022 and is expected to close on 25 May 2022, subject to customary closing conditions.
The IPO includes a fresh Issue of 5650000 Equity Shares of the Company at an price of Rs 138.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1000 shares with bids in multiples of 1000.
Rachana Infrastructure Ltd. anticipates using the proceeds of the issue for Repayment of Secured Loans Working capital requirement General Corporate Purpose, Meeting Public Issue Expenses.
Interactive Financial Services Ltd. as lead manager & Bigshare Services Pvt. Ltd. is the registrar, to the issue.
If the Rachana Infrastructure Ltd is something that you’re looking to invest in come 20 May 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, and install the LibordEasy app from google play store.
#ipo #licipo #latestipo
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