Published on 23/11/2022 3:15:31 PM | Source: Dion Global Solutions Ltd

Baheti Recycling Ind announces launch of initial public offering

Posted in IPO Analysis| #IPO

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Baheti Recycling Industries Ltd. has announced public offering of 2760000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 35.00 per share. The gross proceeds of the issue are expected to be Rs 1,242.00 lakhs. The company's initial public offer (IPO) will open on 28 November 2022 and is expected to close on 30 November 2022, subject to customary closing conditions. The IPO includes a fresh Issue of 2760000 Equity Shares of the Company at an price of Rs 45.00 per Equity Share.

The company has fixed the minimum bid lot for the issue at 3000 shares with bids in multiples of 3000. Baheti Recycling Industries Ltd. anticipates using the proceeds of the issue for . Hem Securities Ltd as lead manager & PURVA SHAREGISTRY INDIA PRIVATE LIMITED is the registrar, to the issue.