Salasar Exteriors announces launch of initial public offering
26/08/2019 11:20
Salasar Exteriors and Contour Ltd. has announced public offering of 2360000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 26.00 per share. The gross proceeds of the issue are expected to be Rs 849.60 lakhs.

The company's initial public offer (IPO) will open on 28 August 2019 and is expected to close on 03 September 2019, subject to customary closing conditions.

The IPO includes a fresh Issue of 2360000 Equity Shares of the Company at an price of Rs 36.00 per Equity Share. The company has fixed the minimum bid lot for the issue at shares with bids in multiples of .

Salasar Exteriors and Contour Ltd. anticipates using the proceeds of the issue for To Meet Working Capital Requirement, General Corporate Expenses, To Meet the Issue Expenses.

NAVIGANT CORPORATE ADVISORS LIMITED as lead manager & Karvy Fintech Pvt. Ltd. is the registrar, to the issue.