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Exhicon Events Media Solutions Ltd. has announced public offering of 3300000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 54.00 per share. The gross proceeds of the issue are expected to be Rs 2,112.00 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 price band of the issue has been fixed at Rs 61.00-64.00 per share.
The IPO includes a fresh Issue of 3300000 Equity Shares of the Company at an price of Rs 64.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 2000 shares with bids in multiples of 2000.
Exhicon Events Media Solutions Ltd. anticipates using the proceeds of the issue for ) Working capital gap
) Acquisition of exhibition material
) Issue expenses
) General Corporate Expenses.
Share India Capital Services Pvt. Ltd. as lead manager & Link Intime India Private Limited is the registrar, to the issue.
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