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News Details

12/12/2022 20:40

Arihant Academy announces launch of initial public offering

Arihant Academy Ltd. has announced public offering of 1635200 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 80.00 per share. The gross proceeds of the issue are expected to be Rs 1,471.68 lakhs.

The company's initial public offer (IPO) will open on 16 December 2022 and is expected to close on 21 December 2022, subject to customary closing conditions.

The IPO includes a fresh Issue of 1635200 Equity Shares of the Company at an price of Rs 90.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1600 shares with bids in multiples of 1600.

Arihant Academy Ltd. anticipates using the proceeds of the issue for .

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