SBL Infratech Ltd. has announced public offering of 213600 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 200.00 per share. The gross proceeds of the issue are expected to be Rs 448.56 lakhs.

The company's initial public offer (IPO) will open on 18 August 2021 and is expected to close on 23 August 2021, subject to customary closing conditions.

The IPO includes a fresh Issue of 213600 Equity Shares of the Company at an price of Rs 210.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 600 shares with bids in multiples of 600.

SBL Infratech Ltd. anticipates using the proceeds of the issue for

To meet out the Working Capital requirements of the Company;

To meet out the General Corporate Purposes; and

To meet out the Issue Expenses

The Company believes that listing will enhance the Company‘s corporate image, brand name and create a public market for its Equity Shares in India The main objects clause of the Memorandum enables our Company to undertake the activities for which funds are being raised in the Issue The existing activities of the Company are within the objects clause of the Memorandum The fund requirement and deployment is based on internal management estimates and has not been appraised by any bank or financial institution.

Fast Track Finsec Private Limited as lead manager & Skyline Financial Services Pvt. Ltd. is the registrar, to the issue.