AKG Exim Ltd. announces launch of initial public offering
05/09/2018 14:50
AKG Exim Ltd. has announced public offering of 1780000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 21.00 per share. The gross proceeds of the issue are expected to be Rs 551.80 lakhs.

The company's initial public offer (IPO) will open on 10 September 2018 and is expected to close on 14 September 2018, subject to customary closing conditions.

The IPO includes a fresh Issue of 1780000 Equity Shares of the Company at an price of Rs 31.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 4000 shares with bids in multiples of 4000.

AKG Exim Ltd. anticipates using the proceeds of the issue for .

NAVIGANT CORPORATE ADVISORS LIMITED as lead manager & MAS SERVICES LIMITED is the registrar, to the issue.