Dipna Pharmachem Ltd. has announced public offering of 4002000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 28.00 per share. The gross proceeds of the issue are expected to be Rs 1,520.76 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 4002000 Equity Shares of the Company at an price of Rs 38.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 3000 shares with bids in multiples of 3000.

Dipna Pharmachem Ltd. anticipates using the proceeds of the issue for .

Interactive Financial Services Ltd. as lead manager & Bigshare Services Private Limited. is the registrar, to the issue.