Ksolves India Ltd. has announced public offering of 402000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 90.00 per share. The gross proceeds of the issue are expected to be Rs 402.00 lakhs. The company's initial public offer (IPO) will open on 23 June 2020 and is expected to close on 26 June 2020, subject to customary closing conditions.
The IPO includes a fresh Issue of 402000 Equity Shares of the Company at an price of Rs 100.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1200 shares with bids in multiples of 1200. Ksolves India Ltd. anticipates using the proceeds of the issue for To Meet Working Capital Requirement General Corporate Purpose To Meet the Issue Expenses. Shreni Shares Pvt. Ltd. as lead manager & Bigshare Services Pvt. Ltd. is the registrar, to the issue.