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News Details

30/11/2022 19:10

Arham Technologies announces launch of initial public offering

Arham Technologies Ltd. has announced public offering of 2280000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 32.00 per share. The gross proceeds of the issue are expected to be Rs 957.60 lakhs.

The company's initial public offer (IPO) will open on 05 December 2022 and is expected to close on 07 December 2022, subject to customary closing conditions.

The IPO includes a fresh Issue of 2280000 Equity Shares of the Company at an price of Rs 42.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 3000 shares with bids in multiples of 3000.

Arham Technologies Ltd. anticipates using the proceeds of the issue for .

Finshore Management Services Ltd. as lead manager & CAMEO CORPORATE SERVICES LTD is the registrar, to the issue.