PNGS Gargi Fashion announces launch of initial public offering
PNGS Gargi Fashion Jewellery Ltd. has announced public offering of 2600000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 20.00 per share. The gross proceeds of the issue are expected to be Rs 780.00 lakhs. The company's initial public offer (IPO) will open on 08 December 2022 and is expected to close on 13 December 2022, subject to customary closing conditions.
The IPO includes a fresh Issue of 2600000 Equity Shares of the Company at an price of Rs 30.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 4000 shares with bids in multiples of 4000. PNGS Gargi Fashion Jewellery Ltd. anticipates using the proceeds of the issue for . Shreni Shares Pvt. Ltd. as lead manager & Bigshare Services Private Limited. is the registrar, to the issue.
