Pelatro Ltd. has announced public offering of 2799000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 190.00 per share. The gross proceeds of the issue are expected to be Rs 5,598.00 lakhs.
The company's initial public offer (IPO) will open on 16 September 2024 and is expected to close on 19 September 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 190.00-200.00 per share.
The IPO includes a fresh Issue of 2799000 Equity Shares of the Company at an price of Rs 200.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 600 shares with bids in multiples of 600.
Pelatro Ltd. anticipates using the proceeds of the issue for .
Cumulative Capital Pvt. Ltd. as lead manager & Bigshare Services Pvt. Ltd. is the registrar, to the issue.