KPR Agrochem announces launch of initial public offering
24/06/2019 13:00
KPR Agrochem Ltd. has announced public offering of 46426231 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 28,320.00 lakhs.

The company's initial public offer (IPO) will open on 28 June 2019 and is expected to close on 02 July 2019, subject to customary closing conditions. The price band of the issue has been fixed at Rs 59.00-61.00 per share.

The IPO includes a fresh Issue of 46426231 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 200 shares with bids in multiples of 200.

KPR Agrochem Ltd. anticipates using the proceeds of the issue for .

PL Capital Markets Pvt. Ltd. as lead manager & Karvy Fintech Pvt. Ltd. is the registrar, to the issue.