Eastern Logica Infoway Ltd. has announced public offering of 753000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 215.00 per share. The gross proceeds of the issue are expected to be Rs 1,694.25 lakhs.

The company's initial public offer (IPO) will open on 05 January 2023 and is expected to close on 09 January 2023, subject to customary closing conditions.

The IPO includes a fresh Issue of 753000 Equity Shares of the Company at an price of Rs 225.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 600 shares with bids in multiples of 600.

Eastern Logica Infoway Ltd. anticipates using the proceeds of the issue for Funding working capital requirements

General corporate purposes.

Oneview Corporate Advisors Pvt. Ltd. as lead manager & KFIN Technologies Pvt. Ltd. is the registrar, to the issue.