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News Details

23/09/2022 12:30

Silicon Rental Solut announces launch of initial public offering

Silicon Rental Solutions Ltd. has announced public offering of 2712000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 68.00 per share. The gross proceeds of the issue are expected to be Rs 2,115.36 lakhs.

The company's initial public offer (IPO) will open on 28 September 2022 and is expected to close on 30 September 2022, subject to customary closing conditions.

The IPO includes a fresh Issue of 2712000 Equity Shares of the Company at an price of Rs 78.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1600 shares with bids in multiples of 1600.

Silicon Rental Solutions Ltd. anticipates using the proceeds of the issue for .

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