News Details
Category : IPO
Headline : Atam Valves announces launch of initial public offering
Date: 16/09/2020 12:00
Atam Valves Ltd. has announced public offering of 1125000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 30.00 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 18 September 2020 and is expected to close on 23 September 2020, subject to customary closing conditions.

The IPO includes a fresh Issue of 1125000 Equity Shares of the Company at an price of Rs 40.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 3000 shares with bids in multiples of 3000.

Atam Valves Ltd. anticipates using the proceeds of the issue for Repayment/ Prepayment of certain secured borrowings availed by the Company, General corporate purposes.

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