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News Details

19/08/2024 17:10

Resourceful Automobi announces launch of initial public offering

Resourceful Automobile Ltd. has announced public offering of 1024800 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 107.00 per share. The gross proceeds of the issue are expected to be Rs 1,199.02 lakhs.

The company's initial public offer (IPO) will open on 22 August 2024 and is expected to close on 26 August 2024, subject to customary closing conditions.

The IPO includes a fresh Issue of 1024800 Equity Shares of the Company at an price of Rs 117.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1200 shares with bids in multiples of 1200.

Resourceful Automobile Ltd. anticipates using the proceeds of the issue for .

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