Navoday Enterprise announces launch of initial public offering
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Navoday Enterprise Ltd. has announced public offering of 2304000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 10.00 per share. The gross proceeds of the issue are expected to be Rs 460.80 lakhs. The company's initial public offer (IPO) will open on 14 June 2021 and is expected to close on 17 June 2021, subject to customary closing conditions. The IPO includes a fresh Issue of 2304000 Equity Shares of the Company at an price of Rs 20.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 6000 shares with bids in multiples of 6000. Navoday Enterprise Ltd. anticipates using the proceeds of the issue for Meeting Additional Working Capital Requirements, General Corporate Purpose. Inventure Merchant Banker Services P. Ltd. as lead manager & Satellite Corporate Services Pvt. Ltd. is the registrar, to the issue.
