21 Jul 2019 | 11:16 PM

News

IPO
Parshva Enterprises announces launch of initial public offering
Published on 06-14-2019
Parshva Enterprises Ltd. has announced public offering of 810000 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 364.50 lakhs.


The company`s initial public offer (IPO) will open on 19 June 2019 and is expected to close on 21 June 2019 subject to customary closing conditions.


The IPO includes a fresh Issue of 810000 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.


Parshva Enterprises Ltd. anticipates using the proceeds of the issue for Meeting Additional Working Capital Requirements
We believe that listing will give more visibility and enhance corporate image the Company We also believe that the Company and shareholders will receive the benefits from listing of Equity Shares on the SME Platform of BSE It will also provide liquidity to the existing shareholders and will also create a public trading market for the Equity Shares of the Company.


Inventure Merchant Banker Services Pvt. Ltd. as lead manager & Bigshare Services Pvt Ltd. is the registrar to the issue.