Rajshree Polypack announces launch of initial public offering
30/08/2018 15:30
Rajshree Polypack Ltd. has announced public offering of 2960000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 111.00 per share. The gross proceeds of the issue are expected to be Rs 3,581.60 lakhs.

The company's initial public offer (IPO) will open on 10 September 2018 and is expected to close on 12 September 2018, subject to customary closing conditions. The price band of the issue has been fixed at Rs 119.00-121.00 per share.

The IPO includes a fresh Issue of 2960000 Equity Shares of the Company at an price of Rs 121.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1000 shares with bids in multiples of 1000.

Rajshree Polypack Ltd. anticipates using the proceeds of the issue for .

PL Capital Markets Pvt. Ltd. as lead manager & Link Intime India Private Limited is the registrar, to the issue.