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News Details

25/09/2023 18:40

Vivaa Tradecom announces launch of initial public offering

Vivaa Tradecom Ltd. has announced public offering of 1566000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 41.00 per share. The gross proceeds of the issue are expected to be Rs 798.66 lakhs.

The company's initial public offer (IPO) will open on 27 September 2023 and is expected to close on 04 October 2023, subject to customary closing conditions.

The IPO includes a fresh Issue of 1566000 Equity Shares of the Company at an price of Rs 51.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 2000 shares with bids in multiples of 2000.

Vivaa Tradecom Ltd. anticipates using the proceeds of the issue for .

Interactive Financial Services Ltd. as lead manager & Bigshare Services Private Limited. is the registrar, to the issue.