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News Details

20/12/2023 10:50

AIK Pipes And Polyme announces launch of initial public offering

AIK Pipes And Polymers Ltd. has announced public offering of 1688000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 79.00 per share. The gross proceeds of the issue are expected to be Rs 1,502.32 lakhs.

The company's initial public offer (IPO) will open on 26 December 2023 and is expected to close on 28 December 2023, subject to customary closing conditions.

The IPO includes a fresh Issue of 1688000 Equity Shares of the Company at an price of Rs 89.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1600 shares with bids in multiples of 1600.

AIK Pipes And Polymers Ltd. anticipates using the proceeds of the issue for .

Shreni Shares Ltd. as lead manager & SKYLINE FINANCIAL SERVICES PRIVATE LTD is the registrar, to the issue.