R K Swamy Ltd. has announced public offering of 14706945 shares at a price of Rs 5.00 each for Cash at a Premium of Rs 283.00 per share. The gross proceeds of the issue are expected to be Rs 42,356.00 lakhs.
The company's initial public offer (IPO) will open on 04 March 2024 and is expected to close on 06 March 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 270.00-288.00 per share.
The IPO includes a fresh Issue of 14706945 Equity Shares of the Company at an price of Rs 288.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 50 shares with bids in multiples of 50.
R K Swamy Ltd. anticipates using the proceeds of the issue for .
Motilal Oswal Investment Advisors Limited,IIFL Securities Ltd.,SBI Capital Markets Ltd. as lead manager(s) & KFin Technologies Ltd. is the registrar, to the issue.