• NSE
Partner with US Open an Demat Account EIPO Portfolio Tracker Watsapp Play Store App Store

News Details

25/09/2023 18:40

Vinyas Innovative Te announces launch of initial public offering

Vinyas Innovative Technologies Ltd. has announced public offering of 3312800 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 155.00 per share. The gross proceeds of the issue are expected to be Rs 5,466.12 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 162.00-165.00 per share.

The IPO includes a fresh Issue of 3312800 Equity Shares of the Company at an price of Rs 165.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 800 shares with bids in multiples of 800.

Vinyas Innovative Technologies Ltd. anticipates using the proceeds of the issue for .

Sarthi Capital Advisors Pvt Ltd. as lead manager & Skyline Financial Services Pvt. Ltd. is the registrar, to the issue.