Published on 1/09/2022 1:58:19 PM | Source: Dion Global Services Ltd.

Infurnia Holdings announces launch of initial public offering

Posted in IPO Analysis| #IPO #Investment

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Infurnia Holdings Ltd. has announced public offering of 38200000 shares at a price of Rs 1.00 each for Cash at a Premium of Rs 9.00 per share. The gross proceeds of the issue are expected to be Rs 3,820.00 lakhs. The company's initial public offer (IPO) will open on 06 September 2022 and is expected to close on 09 September 2022, subject to customary closing conditions. The IPO includes a fresh Issue of 38200000 Equity Shares of the Company at an price of Rs 10.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 10000 shares with bids in multiples of 10000. Infurnia Holdings Ltd. anticipates using the proceeds of the issue for A Investment in the wholly owned Subsidiary Company for expansion of business B To meet the Issue Expenses C General Corporate Purposes. Finshore Management Services Ltd. as lead manager & Bigshare Services Private Limited. is the registrar, to the issue