AAA Technologies Ltd. has announced public offering of 2436000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 32.00 per share. The gross proceeds of the issue are expected to be Rs 1,023.12 lakhs.

The company's initial public offer (IPO) will open on 30 September 2020 and is expected to close on 05 October 2020, subject to customary closing conditions.

The IPO includes a fresh Issue of 2436000 Equity Shares of the Company at an price of Rs 42.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 3000 shares with bids in multiples of 3000.

AAA Technologies Ltd. anticipates using the proceeds of the issue for

(a) Expansion and development of business operations across various cities in India,(b) Working Capital Requirements and Security Deposit towards Bank Guarantees/LC,(c) Issuerelated expenses.

CHARTERED FINANCE MANAGEMENT LIMITED as lead manager & Link Intime India Private Limited is the registrar, to the issue.