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News Details

23/11/2022 17:10

Pritika Engineering announces launch of initial public offering

Pritika Engineering Components Ltd. has announced public offering of 3248000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 19.00 per share. The gross proceeds of the issue are expected to be Rs 941.92 lakhs.

The company's initial public offer (IPO) will open on 25 November 2022 and is expected to close on 30 November 2022, subject to customary closing conditions.

The IPO includes a fresh Issue of 3248000 Equity Shares of the Company at an price of Rs 29.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 4000 shares with bids in multiples of 4000.

Pritika Engineering Components Ltd. anticipates using the proceeds of the issue for .

GYR CAPITAL ADVISORS PRIVATE LIMITED as lead manager & Link Intime India Private Limited is the registrar, to the issue.