News Details

( As on 13/01/2022 16:10)

Alkosign Ltd. announces launch of initial public offering

Alkosign Ltd. has announced public offering of 2700000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 35.00 per share. The gross proceeds of the issue are expected to be Rs 1,215.00 lakhs.

The company's initial public offer (IPO) will open on 18 January 2022 and is expected to close on 21 January 2022, subject to customary closing conditions.

The IPO includes a fresh Issue of 2700000 Equity Shares of the Company at an price of Rs 45.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 3000 shares with bids in multiples of 3000.

Alkosign Ltd. anticipates using the proceeds of the issue for .

Shreni Shares Pvt. Ltd. as lead manager & SKYLINE FINANCIAL SERVICES PRIVATE LIMITED is the registrar, to the issue.