Deccan Health Care announces launch of initial public offering
14/12/2018 16:00
Deccan Health Care Ltd. has announced public offering of 4960000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 80.00 per share. The gross proceeds of the issue are expected to be Rs 4,485.12 lakhs.

The company's initial public offer (IPO) will open on 18 December 2018 and is expected to close on 20 December 2018, subject to customary closing conditions. The price band of the issue has been fixed at Rs 81.00-90.00 per share.

The IPO includes a fresh Issue of 4960000 Equity Shares of the Company at an price of Rs 90.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1600 shares with bids in multiples of 1600.

Deccan Health Care Ltd. anticipates using the proceeds of the issue for Repayment/Prepayment of certain Secured Borrowings availed by our Company, Purchase of Plant & Machinery and related civil work, Working Capital Requirements, General Corporate Purposes.

Pantomath Capital Advisors Pvt. Ltd. as lead manager & Bigshare Services Pvt Ltd. is the registrar, to the issue.