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News Details

19/06/2023 15:11

Magson Retail & Dist announces launch of initial public offering

Magson Retail & Distribution Ltd. has announced public offering of 2114000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 55.00 per share. The gross proceeds of the issue are expected to be Rs 1,374.10 lakhs.

The company's initial public offer (IPO) will open on 23 June 2023 and is expected to close on 27 June 2023, subject to customary closing conditions.

The IPO includes a fresh Issue of 2114000 Equity Shares of the Company at an price of Rs 65.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 2000 shares with bids in multiples of 2000.

Magson Retail & Distribution Ltd. anticipates using the proceeds of the issue for .

ISK ADVISORS PRIVATE LIMITED as lead manager & Bigshare Services Private Limited. is the registrar, to the issue.