Mindpool Technologie announces launch of initial public offering
11/02/2019 11:30
Mindpool Technologies Ltd. has announced public offering of 1200000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 20.00 per share. The gross proceeds of the issue are expected to be Rs 360.00 lakhs.

The company's initial public offer (IPO) will open on 14 February 2019 and is expected to close on 20 February 2019, subject to customary closing conditions.

The IPO includes a fresh Issue of 1200000 Equity Shares of the Company at an price of Rs 30.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 4000 shares with bids in multiples of 4000.

Mindpool Technologies Ltd. anticipates using the proceeds of the issue for To Meet Working Capital Requirements, Repayment of a portion of Bank Borrowings, General Corporate purpose and, To Meet the Issue Expenses.

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