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News Details

22/09/2023 18:00

Canarys Automations announces launch of initial public offering

Canarys Automations Ltd. has announced public offering of 15172000 shares at a price of Rs 2.00 each for Cash at a Premium of Rs 29.00 per share. The gross proceeds of the issue are expected to be Rs 4,703.32 lakhs.

The company's initial public offer (IPO) will open on 27 September 2023 and is expected to close on 03 October 2023, subject to customary closing conditions. The price band of the issue has been fixed at Rs 29.00-31.00 per share.

The IPO includes a fresh Issue of 15172000 Equity Shares of the Company at an price of Rs 31.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 4000 shares with bids in multiples of 4000.

Canarys Automations Ltd. anticipates using the proceeds of the issue for .

Indorient Financial Services Ltd. as lead manager & Link Intime India Pvt. Ltd. is the registrar, to the issue.