Eighty Jewellers announces launch of initial public offering
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Eighty Jewellers Ltd. has announced public offering of 138000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 31.00 per share. The gross proceeds of the issue are expected to be Rs 56.58 lakhs. The company's initial public offer (IPO) will open on 31 March 2022 and is expected to close on 05 April 2022, subject to customary closing conditions. The IPO includes a fresh Issue of 138000 Equity Shares of the Company at an price of Rs 41.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 3000 shares with bids in multiples of 3000. Eighty Jewellers Ltd. anticipates using the proceeds of the issue for . Hem Securities Ltd as lead manager & Bigshare Services Pvt. Ltd. is the registrar, to the issue.
