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News Details

25/10/2022 15:20

Integrated Personnel announces launch of initial public offering

Integrated Personnel Services Ltd. has announced public offering of 2160000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 49.00 per share. The gross proceeds of the issue are expected to be Rs 1,274.40 lakhs.

The company's initial public offer (IPO) will open on 31 October 2022 and is expected to close on 02 November 2022, subject to customary closing conditions.

The IPO includes a fresh Issue of 2160000 Equity Shares of the Company at an price of Rs 59.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 2000 shares with bids in multiples of 2000.

Integrated Personnel Services Ltd. anticipates using the proceeds of the issue for .

Unistone Capital Pvt. Ltd. as lead manager & Bigshare Services Private Limited. is the registrar, to the issue.