Swastik Pipe announces launch of initial public offering
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Swastik Pipe Ltd. has announced public offering of 6252000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 90.00 per share. The gross proceeds of the issue are expected to be Rs 6,252.00 lakhs. The company's initial public offer (IPO) will open on 29 September 2022 and is expected to close on 03 October 2022, subject to customary closing conditions. The price band of the issue has been fixed at Rs 97.00-100.00 per share. The IPO includes a fresh Issue of 6252000 Equity Shares of the Company at an price of Rs 100.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1200 shares with bids in multiples of 1200. Swastik Pipe Ltd. anticipates using the proceeds of the issue for . Corporate Capitalventures Pvt. Ltd. as lead manager & SKYLINE FINANCIAL SERVICES PRIVATE LTD is the registrar, to the issue.
