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24/03/2022 15:20

Jeena Sikho Lifecare announces launch of initial public offering

Jeena Sikho Lifecare Ltd. has announced public offering of 3700000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 140.00 per share. The gross proceeds of the issue are expected to be Rs 5,550.00 lakhs.

The company's initial public offer (IPO) will open on 30 March 2022 and is expected to close on 07 April 2022, subject to customary closing conditions.

The IPO includes a fresh Issue of 3700000 Equity Shares of the Company at an price of Rs 150.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1000 shares with bids in multiples of 1000.

Jeena Sikho Lifecare Ltd. anticipates using the proceeds of the issue for

To undertake marketing and sales promotion To repay shortterm loan To meet out the Working Capital requirements of the Company To meet out the General Corporate Purposes To meet out the Issue Expenses.

Fast Track Finsec Private Limited as lead manager & Skyline Financial Services Pvt. Ltd. is the registrar, to the issue.