21 Jul 2019 | 11:25 PM

News

IPO
SBC Exports announces launch of initial public offering
Published on 06-19-2019
SBC Exports Ltd. has announced public offering of 2982000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 12.00 per share. The gross proceeds of the issue are expected to be Rs 656.04 lakhs.


The company`s initial public offer (IPO) will open on 24 June 2019 and is expected to close on 26 June 2019 subject to customary closing conditions.


The IPO includes a fresh Issue of 2982000 Equity Shares of the Company at an price of Rs 22.00 per Equity Share. The company has fixed the minimum bid lot for the issue at shares with bids in multiples of .


SBC Exports Ltd. anticipates using the proceeds of the issue for .


NAVIGANT CORPORATE ADVISORS LIMITED as lead manager & BIGSHARE SERVICES PRIVATE LIMITED is the registrar to the issue.