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News Details

09/03/2022 11:00

KN Agri Resources announces launch of initial public offering

KN Agri Resources Ltd. has announced public offering of 6584000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 65.00 per share. The gross proceeds of the issue are expected to be Rs 4,938.00 lakhs.

The company's initial public offer (IPO) will open on 15 March 2022 and is expected to close on 17 March 2022, subject to customary closing conditions. The price band of the issue has been fixed at Rs 71.00-75.00 per share.

The IPO includes a fresh Issue of 6584000 Equity Shares of the Company at an price of Rs 75.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1600 shares with bids in multiples of 1600.

KN Agri Resources Ltd. anticipates using the proceeds of the issue for .

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