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News Details

18/12/2024 15:40

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Senores Pharmaceutic announces launch of initial public offering

Senores Pharmaceuticals Ltd. has announced public offering of 14887724 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 381.00 per share. The gross proceeds of the issue are expected to be Rs 58,211.00 lakhs.

The company's initial public offer (IPO) will open on 20 December 2024 and is expected to close on 24 December 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 372.00-391.00 per share.

The IPO includes a fresh Issue of 14887724 Equity Shares of the Company at an price of Rs 391.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 38 shares with bids in multiples of 38.

Senores Pharmaceuticals Ltd. anticipates using the proceeds of the issue for .

Ambit Private Limited,Equirus Capital Private Limited,Nuvama Wealth Management Ltd. as lead manager(s) & Link Intime India Pvt. Ltd. is the registrar, to the issue.