Saketh Exim announces launch of initial public offering
26/07/2018 10:50
Saketh Exim Ltd. has announced public offering of 72000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 59.00 per share. The gross proceeds of the issue are expected to be Rs 49.68 lakhs.

The company's initial public offer (IPO) will open on 01 August 2018 and is expected to close on 03 August 2018, subject to customary closing conditions.

The IPO includes a fresh Issue of 72000 Equity Shares of the Company at an price of Rs 69.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 2000 shares with bids in multiples of 2000.

Saketh Exim Ltd. anticipates using the proceeds of the issue for Funding Long Term Working Capital Requirements and, Funding Expenditure for General Corporate Purposes.

as lead manager & is the registrar, to the issue.