Sangani Hospitals Ltd. has announced public offering of 3792000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 30.00 per share. The gross proceeds of the issue are expected to be Rs 1,516.80 lakhs.

The company's initial public offer (IPO) will open on 04 August 2023 and is expected to close on 08 August 2023, subject to customary closing conditions. The price band of the issue has been fixed at Rs 37.00-40.00 per share.

The IPO includes a fresh Issue of 3792000 Equity Shares of the Company at an price of Rs 40.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 3000 shares with bids in multiples of 3000.

Sangani Hospitals Ltd. anticipates using the proceeds of the issue for .

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