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News Details

19/08/2024 15:30

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Ideal Technoplast In announces launch of initial public offering

Ideal Technoplast Industries Ltd. has announced public offering of 1325000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 111.00 per share. The gross proceeds of the issue are expected to be Rs 1,603.25 lakhs.

The company's initial public offer (IPO) will open on 21 August 2024 and is expected to close on 23 August 2024, subject to customary closing conditions.

The IPO includes a fresh Issue of 1325000 Equity Shares of the Company at an price of Rs 121.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1000 shares with bids in multiples of 1000.

Ideal Technoplast Industries Ltd. anticipates using the proceeds of the issue for .

SWASTIKA INVESTMART LIMITED as lead manager & Bigshare Services Pvt. Ltd. is the registrar, to the issue.