News Details

( As on 29/12/2021 10:40)

Fabino Life Sciences announces launch of initial public offering

Fabino Life Sciences Ltd. has announced public offering of 900000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 26.00 per share. The gross proceeds of the issue are expected to be Rs 324.00 lakhs.

The company's initial public offer (IPO) will open on 31 December 2021 and is expected to close on 05 January 2022, subject to customary closing conditions.

The IPO includes a fresh Issue of 900000 Equity Shares of the Company at an price of Rs 36.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 3000 shares with bids in multiples of 3000.

Fabino Life Sciences Ltd. anticipates using the proceeds of the issue for Part Repayment of Loans

Funding Working capital requirements

General Corporate Purpose.

Aryaman Financial Services Ltd. as lead manager & Bigshare Services Pvt. Ltd. is the registrar, to the issue.