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News Details

25/03/2022 19:10

Sunrise Efficient Ma announces launch of initial public offering

Sunrise Efficient Marketing Ltd. has announced public offering of 1380000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 111.00 per share. The gross proceeds of the issue are expected to be Rs 1,669.80 lakhs.

The company's initial public offer (IPO) will open on 30 March 2022 and is expected to close on 05 April 2022, subject to customary closing conditions.

The IPO includes a fresh Issue of 1380000 Equity Shares of the Company at an price of Rs 121.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1000 shares with bids in multiples of 1000.

Sunrise Efficient Marketing Ltd. anticipates using the proceeds of the issue for .

Fedex Securities Private Limited as lead manager & KFIN Technologies Pvt. Ltd. is the registrar, to the issue.