News Details

( As on 24/03/2023 12:50)

Infinium Pharmachem announces launch of initial public offering

Infinium Pharmachem Ltd. has announced public offering of 1875000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 125.00 per share. The gross proceeds of the issue are expected to be Rs 2,531.25 lakhs.

The company's initial public offer (IPO) will open on 31 March 2023 and is expected to close on 05 April 2023, subject to customary closing conditions.

The IPO includes a fresh Issue of 1875000 Equity Shares of the Company at an price of Rs 135.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1000 shares with bids in multiples of 1000.

Infinium Pharmachem Ltd. anticipates using the proceeds of the issue for

Marketing and Branding Expenses (including Registration in Reach Europe, other marketing expenses);

Repayment of some of Existing Loans

Expansion of Existing Unit

To Meet Incremental Working Capital Requirements

General Corporate Purpose

To meet Public Issue Expenses.

SWASTIKA INVESTMART LIMITED as lead manager & Bigshare Services Private Limited. is the registrar, to the issue.