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News Details

( As on 18/04/2024 13:20)

Shivam Chemicals announces launch of initial public offering

Shivam Chemicals Ltd. has announced public offering of 4587000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 34.00 per share. The gross proceeds of the issue are expected to be Rs 2,018.28 lakhs.

The company's initial public offer (IPO) will open on 23 April 2024 and is expected to close on 25 April 2024, subject to customary closing conditions.

The IPO includes a fresh Issue of 4587000 Equity Shares of the Company at an price of Rs 44.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 3000 shares with bids in multiples of 3000.

Shivam Chemicals Ltd. anticipates using the proceeds of the issue for .

Aryaman Financial Services Limited as lead manager & Cameo Corporate Services Ltd. is the registrar, to the issue.