News Details

( As on 13/01/2022 17:20)

Precision Metaliks announces launch of initial public offering

Precision Metaliks Ltd. has announced public offering of 4300000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 41.00 per share. The gross proceeds of the issue are expected to be Rs 2,193.00 lakhs.

The company's initial public offer (IPO) will open on 19 January 2022 and is expected to close on 24 January 2022, subject to customary closing conditions.

The IPO includes a fresh Issue of 4300000 Equity Shares of the Company at an price of Rs 51.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 2000 shares with bids in multiples of 2000.

Precision Metaliks Ltd. anticipates using the proceeds of the issue for Meeting Additional Working Capital Requirements General Corporate Purpose To meet Issue Expenses.

FIRST OVERSEAS CAPITAL LIMITED as lead manager & Bigshare Services Pvt. Ltd. is the registrar, to the issue.