Ishan International Ltd. has announced public offering of 2280000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 70.00 per share. The gross proceeds of the issue are expected to be Rs 1,824.00 lakhs.

The company's initial public offer (IPO) will open on 09 September 2022 and is expected to close on 14 September 2022, subject to customary closing conditions.

The IPO includes a fresh Issue of 2280000 Equity Shares of the Company at an price of Rs 80.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1600 shares with bids in multiples of 1600.

Ishan International Ltd. anticipates using the proceeds of the issue for ) Funding the Proposed Joint Venture and/or Acquisition

) To meet the Working Capital requirements

) General Corporate Expenses.

FIRST OVERSEAS CAPITAL LIMITED as lead manager & KFIN Technologies Pvt. Ltd. is the registrar, to the issue.