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News Details

05/09/2023 10:30

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Jiwanram Sheoduttrai announces launch of initial public offering

Jiwanram Sheoduttrai Industries Ltd. has announced public offering of 7422000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 13.00 per share. The gross proceeds of the issue are expected to be Rs 1,707.06 lakhs.

The company's initial public offer (IPO) will open on 08 September 2023 and is expected to close on 12 September 2023, subject to customary closing conditions.

The IPO includes a fresh Issue of 7422000 Equity Shares of the Company at an price of Rs 23.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 6000 shares with bids in multiples of 6000.

Jiwanram Sheoduttrai Industries Ltd. anticipates using the proceeds of the issue for .

Affinity Global Capital Market Pvt. Ltd. as lead manager & CAMEO CORPORATE SERVICES LIMITED is the registrar, to the issue.