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MOS Utility Ltd. has announced public offering of 6574000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 66.00 per share. The gross proceeds of the issue are expected to be Rs 4,996.24 lakhs.
The company's initial public offer (IPO) will open on 31 March 2023 and is expected to close on 06 April 2023, subject to customary closing conditions. The price band of the issue has been fixed at Rs 72.00-76.00 per share.
The IPO includes a fresh Issue of 6574000 Equity Shares of the Company at an price of Rs 76.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1600 shares with bids in multiples of 1600.
MOS Utility Ltd. anticipates using the proceeds of the issue for .
Unistone Capital Pvt. Ltd. as lead manager & Skyline Financial Services Pvt. Ltd. is the registrar, to the issue.
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