Sky Gold announces launch of initial public offering
12/09/2018 14:30
Sky Gold Ltd. has announced public offering of 1420000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 170.00 per share. The gross proceeds of the issue are expected to be Rs 2,556.00 lakhs.

The company's initial public offer (IPO) will open on 18 September 2018 and is expected to close on 21 September 2018, subject to customary closing conditions.

The IPO includes a fresh Issue of 1420000 Equity Shares of the Company at an price of Rs 180.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 800 shares with bids in multiples of 800.

Sky Gold Ltd. anticipates using the proceeds of the issue for (a) Repayment of Loans,(b) Funding Working Capital Requirement and,(c) Funding expenditure for General Corporate Purposes.

ARYAMAN FINANCIAL SERVICES LIMITED as lead manager & Link Intime India Private Limited is the registrar, to the issue.