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( 20 Jun 2022)
KCK Industries announces launch of initial public offering

KCK Industries Ltd. has announced public offering of 1500000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 20.00 per share. The gross proceeds of the issue are expected to be Rs 450.00 lakhs.

The company's initial public offer (IPO) will open on 27 June 2022 and is expected to close on 30 June 2022, subject to customary closing conditions.

The IPO includes a fresh Issue of 1500000 Equity Shares of the Company at an price of Rs 30.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 4000 shares with bids in multiples of 4000.

KCK Industries Ltd. anticipates using the proceeds of the issue for .

NAVIGANT CORPORATE ADVISORS LIMITED as lead manager & CAMEO CORPORATE SERVICES LTD is the registrar, to the issue.