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Published on 6/04/2021 11:09:38 AM | Source: Dion Global Solutions Ltd

Kuberan Global Edu announces launch of initial public offering

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Kuberan Global Edu Solutions Ltd. has announced public offering of 558000 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 111.60 lakhs. The company's initial public offer (IPO) will open on 20 April 2021 and is expected to close on 27 April 2021, subject to customary closing conditions. The IPO includes a fresh Issue of 558000 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 shares with bids in multiples of . Kuberan Global Edu Solutions Ltd. anticipates using the proceeds of the issue for Capital expenditure for Digitalizing Banking Course through online mode by using Information Technology General Corporate Purposes. Fedex Securities Private Limited as lead manager & Bigshare Services Pvt. Ltd. is the registrar, to the issue.

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