Deep Polymers announces launch of initial public offering
03/08/2018 15:00
Deep Polymers Ltd. has announced public offering of 3810000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 30.00 per share. The gross proceeds of the issue are expected to be Rs 1,524.00 lakhs.

The company's initial public offer (IPO) will open on 08 August 2018 and is expected to close on 13 August 2018, subject to customary closing conditions.

The IPO includes a fresh Issue of 3810000 Equity Shares of the Company at an price of Rs 40.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 3000 shares with bids in multiples of 3000.

Deep Polymers Ltd. anticipates using the proceeds of the issue for A To Meet working capital requirement,B To Meet the Issue Expenses,C To Meet General corporate purpose.

Gretex Corporate Services Private Limited as lead manager & Bigshare Services Private Limited. is the registrar, to the issue.