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News Details

24/01/2023 12:20

Gayatri Rubbers announces launch of initial public offering

Gayatri Rubbers and Chemicals Ltd. has announced public offering of 1528000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 20.00 per share. The gross proceeds of the issue are expected to be Rs 458.40 lakhs.

The company's initial public offer (IPO) will open on 25 January 2023 and is expected to close on 30 January 2023, subject to customary closing conditions.

The IPO includes a fresh Issue of 1528000 Equity Shares of the Company at an price of Rs 30.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 4000 shares with bids in multiples of 4000.

Gayatri Rubbers and Chemicals Ltd. anticipates using the proceeds of the issue for .

Khambatta Securities Ltd. as lead manager & SKYLINE FINANCIAL SERVICES PRIVATE LTD is the registrar, to the issue.