Published on 17/03/2021 11:53:28 AM | Source: Dion Global Solutions Ltd

Niks Technology announces launch of initial public offering

Posted in IPO Analysis| #IPO

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel 

Download Telegram App before Joining the Channel

Niks Technology Ltd. has announced public offering of 100200 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 191.00 per share. The gross proceeds of the issue are expected to be Rs 201.40 lakhs. The company's initial public offer (IPO) will open on 19 March 2021 and is expected to close on 23 March 2021, subject to customary closing conditions.

The IPO includes a fresh Issue of 100200 Equity Shares of the Company at an price of Rs 201.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 600 shares with bids in multiples of 600. Niks Technology Ltd. anticipates using the proceeds of the issue for . Gretex Corporate Services Pvt. Ltd. as lead manager & Bigshare Services Pvt. Ltd. is the registrar, to the issue.