Euro Panel Products Ltd. has announced public offering of 6500000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 60.00 per share. The gross proceeds of the issue are expected to be Rs 4,550.00 lakhs.

The company's initial public offer (IPO) will open on 14 December 2021 and is expected to close on 16 December 2021, subject to customary closing conditions.

The IPO includes a fresh Issue of 6500000 Equity Shares of the Company at an price of Rs 70.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 2000 shares with bids in multiples of 2000.

Euro Panel Products Ltd. anticipates using the proceeds of the issue for

Meeting incremental working capital requirements

Repayment of unsecured loan availed by the company

General corporate purposes.

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