Sahana Systems Ltd. has announced public offering of 2425000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 125.00 per share. The gross proceeds of the issue are expected to be Rs 3,273.75 lakhs.
The company's initial public offer (IPO) will open on 31 May 2023 and is expected to close on 02 June 2023, subject to customary closing conditions. The price band of the issue has been fixed at Rs 132.00-135.00 per share.
The IPO includes a fresh Issue of 2425000 Equity Shares of the Company at an price of Rs 135.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1000 shares with bids in multiples of 1000.
Sahana Systems Ltd. anticipates using the proceeds of the issue for .
Interactive Financial Services Ltd.,Unistone Capital Pvt. Ltd. as lead manager(s) & Purva Sharegistry (India) Pvt. Ltd. is the registrar, to the issue.