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( 27 Jun 2022)
Kesar India announces launch of initial public offering

Kesar India Ltd. has announced public offering of 930400 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 160.00 per share. The gross proceeds of the issue are expected to be Rs 1,581.68 lakhs.

The company's initial public offer (IPO) will open on 30 June 2022 and is expected to close on 04 July 2022, subject to customary closing conditions.

The IPO includes a fresh Issue of 930400 Equity Shares of the Company at an price of Rs 170.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 800 shares with bids in multiples of 800.

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

Hem Securities Ltd,Fedex Securities Private Limited as lead manager(s) & KFIN Technologies Pvt. Ltd. is the registrar, to the issue.