News Details

( As on 24/01/2022 10:20)

Quality RO Industrie announces launch of initial public offering

Quality RO Industries Ltd. has announced public offering of 530000 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 270.30 lakhs.

The company's initial public offer (IPO) will open on 27 January 2022 and is expected to close on 01 February 2022, subject to customary closing conditions.

The IPO includes a fresh Issue of 530000 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.

Quality RO Industries Ltd. anticipates using the proceeds of the issue for .

Shreni Shares Pvt. Ltd. as lead manager & Skyline Financial Services Pvt. Ltd. is the registrar, to the issue.