Rajeshwari Cans Ltd. has announced public offering of 2016000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 10.00 per share. The gross proceeds of the issue are expected to be Rs 403.20 lakhs.

The company's initial public offer (IPO) will open on 31 March 2021 and is expected to close on 06 April 2021, subject to customary closing conditions.

The IPO includes a fresh Issue of 2016000 Equity Shares of the Company at an price of Rs 20.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 6000 shares with bids in multiples of 6000.

Rajeshwari Cans Ltd. anticipates using the proceeds of the issue for

Meeting incremental working capital requirements General corporate purposes.

Fedex Securities Private Limited as lead manager & Bigshare Services Pvt. Ltd. is the registrar, to the issue.