Kotyark Industries announces launch of initial public offering
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Kotyark Industries Ltd. has announced public offering of 2208000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 41.00 per share. The gross proceeds of the issue are expected to be Rs 1,126.08 lakhs. The company's initial public offer (IPO) will open on 21 October 2021 and is expected to close on 25 October 2021, subject to customary closing conditions.
The IPO includes a fresh Issue of 2208000 Equity Shares of the Company at an price of Rs 51.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 2000 shares with bids in multiples of 2000. Kotyark Industries Ltd. anticipates using the proceeds of the issue for To Meet Working Capital Requirement General Corporate Purpose To Meet the Issue Expenses. BEELINE BROKING LIMITED as lead manager & KFIN Technologies Pvt. Ltd. is the registrar, to the issue.
