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Suyog Gurbaxani Funicular Ropeways Ltd. has announced public offering of 6555000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 35.00 per share. The gross proceeds of the issue are expected to be Rs 2,949.75 lakhs. The company's initial public offer (IPO) will open on 01 November 2021 and is expected to close on 08 November 2021, subject to customary closing conditions.

The IPO includes a fresh Issue of 6555000 Equity Shares of the Company at an price of Rs 45.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 3000 shares with bids in multiples of 3000. Suyog Gurbaxani Funicular Ropeways Ltd. anticipates using the proceeds of the issue for . Aryaman Financial Services Ltd. as lead manager & KFIN Technologies Pvt. Ltd. is the registrar, to the issue.