Ascensive Educare Ltd. has announced public offering of 868000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 16.00 per share. The gross proceeds of the issue are expected to be Rs 225.68 lakhs.

The company's initial public offer (IPO) will open on 30 December 2021 and is expected to close on 04 January 2022, subject to customary closing conditions.

The IPO includes a fresh Issue of 868000 Equity Shares of the Company at an price of Rs 26.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 4000 shares with bids in multiples of 4000.

Ascensive Educare Ltd. anticipates using the proceeds of the issue for a) Funding the working capital requirements of the company

b) General Corporate Purposes.

GYR CAPITAL ADVISORS PRIVATE LIMITED as lead manager & Link Intime India Private Limited is the registrar, to the issue.