One 97 Communication announces launch of initial public offering
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One 97 Communications Ltd. has announced public offering of 85116280 shares at a price of Rs 1.00 each for Cash at a Premium of Rs 2,149.00 per share. The gross proceeds of the issue are expected to be Rs 18,30,000.02 lakhs. The company's initial public offer (IPO) will open on 08 November 2021 and is expected to close on 10 November 2021, subject to customary closing conditions. The price band of the issue has been fixed at Rs 2,080.00-2,150.00 per share.
The IPO includes a fresh Issue of 85116280 Equity Shares of the Company at an price of Rs 2,150.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 6 shares with bids in multiples of 6. One 97 Communications Ltd. anticipates using the proceeds of the issue for . HDFC Bank Limited,Citigroup Global Markets India Pvt.Ltd.,Axis Capital Ltd.,JP Morgan India Private Limited.,Morgan Stanley India Company Private Limited,Goldman Sachs (India) Securities Pvt. Ltd.,ICICI Securities Ltd as lead manager(s) & Link Intime India Private Limited is the registrar, to the issue.
