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27/09/2021 16:20

Bombay Metrics Suppl announces launch of initial public offering

Bombay Metrics Supply Chain Ltd. has announced public offering of 460800 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 83.00 per share. The gross proceeds of the issue are expected to be Rs 428.54 lakhs.

The company's initial public offer (IPO) will open on 30 September 2021 and is expected to close on 04 October 2021, subject to customary closing conditions.

The IPO includes a fresh Issue of 460800 Equity Shares of the Company at an price of Rs 93.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1200 shares with bids in multiples of 1200.

Bombay Metrics Supply Chain Ltd. anticipates using the proceeds of the issue for

To part finance the Working Capital Requirements

General Corporate Purposes

To meet Issue Expenses.

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