21 Jul 2019 | 11:18 PM

News

IPO
AB Infrabuild announces launch of initial public offering
Published on 06-19-2019
AB Infrabuild Ltd. has announced public offering of 4428000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 19.00 per share. The gross proceeds of the issue are expected to be Rs 1284.12 lakhs.


The company`s initial public offer (IPO) will open on 28 June 2019 and is expected to close on 03 July 2019 subject to customary closing conditions.


The IPO includes a fresh Issue of 4428000 Equity Shares of the Company at an price of Rs 29.00 per Equity Share. The company has fixed the minimum bid lot for the issue at shares with bids in multiples of .


AB Infrabuild Ltd. anticipates using the proceeds of the issue for To meet the Working Capital Requirements General Corporate Purposes.


Mark Corporate Advisors Pvt. Ltd. as lead manager & Bigshare Services Pvt. Ltd. is the registrar to the issue.