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02/02/2022 17:40

Vaidya Sane Ayurved announces launch of initial public offering

Vaidya Sane Ayurved Laboratories Ltd. has announced public offering of 2771200 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 63.00 per share. The gross proceeds of the issue are expected to be Rs 2,022.98 lakhs.

The company's initial public offer (IPO) will open on 10 February 2022 and is expected to close on 15 February 2022, subject to customary closing conditions.

The IPO includes a fresh Issue of 2771200 Equity Shares of the Company at an price of Rs 73.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1600 shares with bids in multiples of 1600.

Vaidya Sane Ayurved Laboratories Ltd. anticipates using the proceeds of the issue for .

FIRST OVERSEAS CAPITAL LIMITED as lead manager & Bigshare Services Pvt. Ltd. is the registrar, to the issue.