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16/08/2022 16:10

JFL Life Sciences announces launch of initial public offering

JFL Life Sciences Ltd. has announced public offering of 2978000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 51.00 per share. The gross proceeds of the issue are expected to be Rs 1,816.58 lakhs.

The company's initial public offer (IPO) will open on 25 August 2022 and is expected to close on 30 August 2022, subject to customary closing conditions.

The IPO includes a fresh Issue of 2978000 Equity Shares of the Company at an price of Rs 61.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 2000 shares with bids in multiples of 2000.

JFL Life Sciences Ltd. anticipates using the proceeds of the issue for .

GYR CAPITAL ADVISORS PRIVATE LIMITED as lead manager & KFIN Technologies Pvt. Ltd. is the registrar, to the issue.