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Published on 25/07/2022 12:02:04 PM | Source: Dion Global Solutions Ltd

Upsurge Seeds of Agr announces launch of initial public offering

Posted in IPO Analysis| #IPO #Pronab Sen

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Upsurge Seeds of Agriculture Ltd. has announced public offering of 1900800 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 110.00 per share. The gross proceeds of the issue are expected to be Rs 2,280.96 lakhs. The company's initial public offer (IPO) will open on 29 July 2022 and is expected to close on 02 August 2022, subject to customary closing conditions. The IPO includes a fresh Issue of 1900800 Equity Shares of the Company at an price of Rs 120.00 per Equity Share.

The company has fixed the minimum bid lot for the issue at 1200 shares with bids in multiples of 1200. Upsurge Seeds of Agriculture Ltd. anticipates using the proceeds of the issue for . Finshore Management Services Ltd. as lead manager & Link Intime India Private Limited is the registrar, to the issue.