Published on 23/09/2022 11:30:42 AM | Source: Accord Fintech

Lloyds Luxuries announces launch of initial public offering

Posted in IPO Analysis| #IPO

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Lloyds Luxuries Ltd. has announced public offering of 6000000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 30.00 per share. The gross proceeds of the issue are expected to be Rs 2,400.00 lakhs.

The company's initial public offer (IPO) will open on 28 September 2022 and is expected to close on 30 September 2022, subject to customary closing conditions. The IPO includes a fresh Issue of 6000000 Equity Shares of the Company at an price of Rs 40.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 3000 shares with bids in multiples of 3000. Lloyds Luxuries Ltd. anticipates using the proceeds of the issue for . Hem Securities Ltd as lead manager & Bigshare Services Private Limited. is the registrar, to the issue.