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30/08/2022 15:10

Viviana Power Tech announces launch of initial public offering

Viviana Power Tech Ltd. has announced public offering of 1600000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 45.00 per share. The gross proceeds of the issue are expected to be Rs 880.00 lakhs.

The company's initial public offer (IPO) will open on 05 September 2022 and is expected to close on 08 September 2022, subject to customary closing conditions.

The IPO includes a fresh Issue of 1600000 Equity Shares of the Company at an price of Rs 55.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 2000 shares with bids in multiples of 2000.

Viviana Power Tech Ltd. anticipates using the proceeds of the issue for .

Beeline Capital Advisors Pvt. Ltd. as lead manager & Skyline Financial Services Pvt. Ltd. is the registrar, to the issue.