Sapphire Foods India announces launch of initial public offering
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Sapphire Foods India Ltd. has announced public offering of 17569940 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 1,170.00 per share. The gross proceeds of the issue are expected to be Rs 2,07,325.29 lakhs. The company's initial public offer (IPO) will open on 09 November 2021 and is expected to close on 11 November 2021, subject to customary closing conditions. The price band of the issue has been fixed at Rs 1,120.00-1,180.00 per share.
The IPO includes a fresh Issue of 17569940 Equity Shares of the Company at an price of Rs 1,180.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 12 shares with bids in multiples of 12. Sapphire Foods India Ltd. anticipates using the proceeds of the issue for . JM Financial Ltd.,ICICI Securities Limited,IIFL Securities Limited,BofA Securities India Limited as lead manager(s) & Link Intime India Private Limited is the registrar, to the issue.
