Synergy Green Ind announces launch of initial public offering
31/08/2018 11:10
Synergy Green Industries Ltd. has announced public offering of 3780000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 60.00 per share. The gross proceeds of the issue are expected to be Rs 2,646.00 lakhs.

The company's initial public offer (IPO) will open on 04 September 2018 and is expected to close on 07 September 2018, subject to customary closing conditions.

The IPO includes a fresh Issue of 3780000 Equity Shares of the Company at an price of Rs 70.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 2000 shares with bids in multiples of 2000.

Synergy Green Industries Ltd. anticipates using the proceeds of the issue for Purchase of Plant and Machinery, To Meet Working Capital Requirement, General Corporate Purpose, To Meet the Issue Expenses.

SWASTIKA INVESTMART LIMITED as lead manager & Link Intime India Pvt. Ltd. is the registrar, to the issue.