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News Details

13/09/2024 11:20

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S D Retail announces launch of initial public offering

S D Retail Ltd. has announced public offering of 4960000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 121.00 per share. The gross proceeds of the issue are expected to be Rs 6,497.60 lakhs.

The company's initial public offer (IPO) will open on 20 September 2024 and is expected to close on 24 September 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 124.00-131.00 per share.

The IPO includes a fresh Issue of 4960000 Equity Shares of the Company at an price of Rs 131.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1000 shares with bids in multiples of 1000.

S D Retail Ltd. anticipates using the proceeds of the issue for .

Beeline Capital Advisors Pvt. Ltd. as lead manager & KFin Technologies Ltd. is the registrar, to the issue.