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News Details

20/11/2023 11:11

Swashthik Plascon announces launch of initial public offering

Swashthik Plascon Ltd. has announced public offering of 4739200 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 76.00 per share. The gross proceeds of the issue are expected to be Rs 4,075.71 lakhs.

The company's initial public offer (IPO) will open on 24 November 2023 and is expected to close on 29 November 2023, subject to customary closing conditions. The price band of the issue has been fixed at Rs 80.00-86.00 per share.

The IPO includes a fresh Issue of 4739200 Equity Shares of the Company at an price of Rs 86.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1600 shares with bids in multiples of 1600.

Swashthik Plascon Ltd. anticipates using the proceeds of the issue for .

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