Proventus Agrocom Ltd. has announced public offering of 902000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 761.00 per share. The gross proceeds of the issue are expected to be Rs 6,954.42 lakhs.
The company's initial public offer (IPO) will open on 24 May 2023 and is expected to close on 26 May 2023, subject to customary closing conditions.
The IPO includes a fresh Issue of 902000 Equity Shares of the Company at an price of Rs 771.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 160 shares with bids in multiples of 160.
Proventus Agrocom Ltd. anticipates using the proceeds of the issue for .
Sundae Capital Advisors Pvt. Ltd. as lead manager & Bigshare Services Private Limited. is the registrar, to the issue.