Shankar Lal Rampal announces launch of initial public offering
10/12/2018 11:10
Shankar Lal Rampal Dye-Chem Ltd. has announced public offering of 1620000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 35.00 per share. The gross proceeds of the issue are expected to be Rs 729.00 lakhs.

The company's initial public offer (IPO) will open on 12 December 2018 and is expected to close on 14 December 2018, subject to customary closing conditions.

The IPO includes a fresh Issue of 1620000 Equity Shares of the Company at an price of Rs 45.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 3000 shares with bids in multiples of 3000.

Shankar Lal Rampal Dye-Chem Ltd. anticipates using the proceeds of the issue for A To meet the working requirement of the company,B To meet the Issue Expenses.

as lead manager & is the registrar, to the issue.