media

Markets

Market Nav

News Details

26/06/2021 22:50

Walpar Nutritions announces launch of initial public offering

Walpar Nutritions Ltd. has announced public offering of 1200000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 45.00 per share. The gross proceeds of the issue are expected to be Rs 660.00 lakhs.

The company's initial public offer (IPO) will open on 30 June 2021 and is expected to close on 05 July 2021, subject to customary closing conditions.

The IPO includes a fresh Issue of 1200000 Equity Shares of the Company at an price of Rs 55.00 per Equity Share. The company has fixed the minimum bid lot for the issue at shares with bids in multiples of .

Walpar Nutritions Ltd. anticipates using the proceeds of the issue for Investment in Subsidiary To Meet Incremental Working Capital Requirements General Corporate Purpose To meet Public Issue Expenses.

BEELINE BROKING LIMITED as lead manager & SKYLINE FINANCIAL SERVICES PRIVATE LTD is the registrar, to the issue.