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News Details

08/03/2023 11:50

Labelkraft Technolog announces launch of initial public offering

Labelkraft Technologies Ltd. has announced public offering of 864000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 45.00 per share. The gross proceeds of the issue are expected to be Rs 475.20 lakhs.

The company's initial public offer (IPO) will open on 13 October 2023 and is expected to close on 15 October 2023, subject to customary closing conditions.

The IPO includes a fresh Issue of 864000 Equity Shares of the Company at an price of Rs 55.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 2000 shares with bids in multiples of 2000.

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

Hem Securities Ltd as lead manager & Bigshare Services Private Limited. is the registrar, to the issue.