V R Films & Studios announces launch of initial public offering
08/04/2019 13:00
V R Films & Studios Ltd. has announced public offering of 372000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 51.00 per share. The gross proceeds of the issue are expected to be Rs 226.92 lakhs.

The company's initial public offer (IPO) will open on 12 April 2019 and is expected to close on 18 April 2019, subject to customary closing conditions.

The IPO includes a fresh Issue of 372000 Equity Shares of the Company at an price of Rs 61.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 2000 shares with bids in multiples of 2000.

V R Films & Studios Ltd. anticipates using the proceeds of the issue for To Meet Working Capital Requirements, General Corporate purpose and, To Meet the Issue Expenses.

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