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News Details

21/08/2024 15:10

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Jay Bee Laminations announces launch of initial public offering

Jay Bee Laminations Ltd. has announced public offering of 6093000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 136.00 per share. The gross proceeds of the issue are expected to be Rs 8,895.78 lakhs.

The company's initial public offer (IPO) will open on 27 August 2024 and is expected to close on 29 August 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 138.00-146.00 per share.

The IPO includes a fresh Issue of 6093000 Equity Shares of the Company at an price of Rs 146.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1000 shares with bids in multiples of 1000.

Jay Bee Laminations Ltd. anticipates using the proceeds of the issue for .

Swaraj Shares and Securities Pvt. Ltd. as lead manager & Bigshare Services Pvt. Ltd. is the registrar, to the issue.