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News Details

03/07/2023 12:10

AccelerateBS India announces launch of initial public offering

AccelerateBS India Ltd. has announced public offering of 632000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 80.00 per share. The gross proceeds of the issue are expected to be Rs 568.80 lakhs.

The company's initial public offer (IPO) will open on 06 July 2023 and is expected to close on 11 July 2023, subject to customary closing conditions.

The IPO includes a fresh Issue of 632000 Equity Shares of the Company at an price of Rs 90.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1600 shares with bids in multiples of 1600.

AccelerateBS India Ltd. anticipates using the proceeds of the issue for .

Shreni Shares Pvt. Ltd. as lead manager & Bigshare Services Private Limited. is the registrar, to the issue.