• BSE
  • NSE
Partner with US Open an Demat Account EIPO Portfolio Tracker Watsapp Play Store App Store

News Details

20/09/2022 11:40

Maagh Advertising announces launch of initial public offering

Maagh Advertising And Marketing Services Ltd. has announced public offering of 1520000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 50.00 per share. The gross proceeds of the issue are expected to be Rs 912.00 lakhs.

The company's initial public offer (IPO) will open on 26 September 2022 and is expected to close on 29 September 2022, subject to customary closing conditions.

The IPO includes a fresh Issue of 1520000 Equity Shares of the Company at an price of Rs 60.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 2000 shares with bids in multiples of 2000.

Maagh Advertising And Marketing Services Ltd. anticipates using the proceeds of the issue for

Purchase of Software

Purchase of Media Inventory

General Corporate Purposes.

Inventure Merchant Banker Services Pvt. Ltd. as lead manager & Satellite Corporate Services Pvt. Ltd. is the registrar, to the issue.