Shanthala FMCG Products Ltd. has announced public offering of 1766400 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 81.00 per share. The gross proceeds of the issue are expected to be Rs 1,607.42 lakhs.

The company's initial public offer (IPO) will open on 27 October 2023 and is expected to close on 31 October 2023, subject to customary closing conditions.

The IPO includes a fresh Issue of 1766400 Equity Shares of the Company at an price of Rs 91.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1200 shares with bids in multiples of 1200.

Shanthala FMCG Products Ltd. anticipates using the proceeds of the issue for .

FIRST OVERSEAS CAPITAL LIMITED as lead manager & Bigshare Services Private Limited. is the registrar, to the issue.