Foce India announces launch of initial public offering
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Foce India Ltd. has announced public offering of 1290000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 215.00 per share.
The gross proceeds of the issue are expected to be Rs 2,902.50 lakhs. The company's initial public offer (IPO) will open on 13 December 2021 and is expected to close on 17 December 2021, subject to customary closing conditions.
The IPO includes a fresh Issue of 1290000 Equity Shares of the Company at an price of Rs 225.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 600 shares with bids in multiples of 600. Foce India Ltd.
anticipates using the proceeds of the issue for To meet Working Capital Requirement General Corporate Purpose Meeting the Issue Expense. Mark Corporate Advisors Pvt. Ltd. as lead manager & PURVA SHAREGISTRY INDIA PVT LTD. is the registrar, to the issue.
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