• NSE
Partner with US Open an Demat Account EIPO Portfolio Tracker Watsapp Play Store App Store

News Details

14/12/2021 12:00

Brandbucket Media announces launch of initial public offering

Brandbucket Media & Technology Ltd. has announced public offering of 1500000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 45.00 per share. The gross proceeds of the issue are expected to be Rs 825.00 lakhs.

The company's initial public offer (IPO) will open on 20 December 2021 and is expected to close on 23 December 2021, subject to customary closing conditions.

The IPO includes a fresh Issue of 1500000 Equity Shares of the Company at an price of Rs 55.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 2000 shares with bids in multiples of 2000.

Brandbucket Media & Technology Ltd. anticipates using the proceeds of the issue for Augmenting additional working capital requirements

Funding capital expenditure requirements

General Corporate Purposes

We believe that listing will enhance the corporate image and visibility of brand name of the Company We also believe that the Company will receive the benefits from listing of Equity Shares on the SME Platform of BSE It will also provide liquidity to the existing shareholders and will also create a public trading market for the Equity Shares of the Company.

Inventure Merchant Banker Services Pvt. Ltd. as lead manager & Satellite Corporate Services Pvt. Ltd. is the registrar, to the issue.