Ambey Laboratories Ltd. has announced public offering of 6570000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 58.00 per share. The gross proceeds of the issue are expected to be Rs 4,467.60 lakhs.

The company's initial public offer (IPO) will open on 03 July 2024 and is expected to close on 05 July 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 65.00-68.00 per share.

The IPO includes a fresh Issue of 6570000 Equity Shares of the Company at an price of Rs 68.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 2000 shares with bids in multiples of 2000.

Ambey Laboratories Ltd. anticipates using the proceeds of the issue for .

Fast Track Finsec Pvt. Ltd. as lead manager & Link intime India Pvt. Ltd. is the registrar, to the issue.