Bhatia Colour Chem announces launch of initial public offering
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Bhatia Colour Chem Ltd. has announced public offering of 5000000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 70.00 per share. The gross proceeds of the issue are expected to be Rs 4,000.00 lakhs. The company's initial public offer (IPO) will open on 14 March 2022 and is expected to close on 16 March 2022, subject to customary closing conditions. The IPO includes a fresh Issue of 5000000 Equity Shares of the Company at an price of Rs 80.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1600 shares with bids in multiples of 1600. Bhatia Colour Chem Ltd. anticipates using the proceeds of the issue for . Interactive Financial Services Ltd. as lead manager & Bigshare Services Pvt. Ltd. is the registrar, to the issue.
