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News Details

22/08/2024 15:20

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Paramatrix Technolog announces launch of initial public offering

Paramatrix Technologies Ltd. has announced public offering of 3076800 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 100.00 per share. The gross proceeds of the issue are expected to be Rs 3,384.48 lakhs.

The company's initial public offer (IPO) will open on 27 August 2024 and is expected to close on 30 August 2024, subject to customary closing conditions.

The IPO includes a fresh Issue of 3076800 Equity Shares of the Company at an price of Rs 110.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1200 shares with bids in multiples of 1200.

Paramatrix Technologies Ltd. anticipates using the proceeds of the issue for .

Inventure Merchant Banker Services Pvt. Ltd. as lead manager & Bigshare Services Pvt. Ltd. is the registrar, to the issue.