Innokaiz India Ltd IPO Details, Upcoming IPO

by Libord Group One-stop Financial Services

Innokaiz India Ltd. has announced public offering of 2713600 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 68.00 per share. The gross proceeds of the issue are expected to be Rs 2,116.61 lakhs.

The company's initial public offer (IPO) will open on 28 April 2023 and is expected to close on 03 May 2023, subject to customary closing conditions. The price band of the issue has been fixed at Rs 76.00-78.00 per share.

The IPO includes a fresh Issue of 2713600 Equity Shares of the Company at an price of Rs 78.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1600 shares with bids in multiples of 1600.

Innokaiz India Ltd. anticipates using the proceeds of the issue for .

Gretex Corporate Services Pvt. Ltd. as lead manager & Bigshare Services Private Limited. is the registrar, to the issue.

If the Innokaiz India Ltd is something that you’re looking to invest in come 28 April 2023, it would be a good idea to start the demat account opening process right away.