Sunita Tools Ltd. has announced public offering of 1520400 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 135.00 per share. The gross proceeds of the issue are expected to be Rs 2,204.58 lakhs.

The company's initial public offer (IPO) will open on 26 September 2023 and is expected to close on 28 September 2023, subject to customary closing conditions.

The IPO includes a fresh Issue of 1520400 Equity Shares of the Company at an price of Rs 145.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1000 shares with bids in multiples of 1000.

Sunita Tools Ltd. anticipates using the proceeds of the issue for .

Aryaman Financial Services Ltd. as lead manager & KFin Technologies Ltd. is the registrar, to the issue.