Frog Cellsat announces launch of initial public offering
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Frog Cellsat Ltd. has announced public offering of 4075200 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 92.00 per share. The gross proceeds of the issue are expected to be Rs 4,156.70 lakhs. The company's initial public offer (IPO) will open on 29 September 2022 and is expected to close on 04 October 2022, subject to customary closing conditions. The price band of the issue has been fixed at Rs 97.00-102.00 per share. The IPO includes a fresh Issue of 4075200 Equity Shares of the Company at an price of Rs 102.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1200 shares with bids in multiples of 1200. Frog Cellsat Ltd. anticipates using the proceeds of the issue for . SARTHI CAPITAL ADVISORS PRIVATE LIMITED as lead manager & SKYLINE FINANCIAL SERVICES PRIVATE LTD is the registrar, to the issue.
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