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News Details

( As on 14/02/2025 07:03)

Beezaasan Explotech announces launch of initial public offering

Beezaasan Explotech Ltd. has announced public offering of 3424800 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 165.00 per share. The gross proceeds of the issue are expected to be Rs 5,993.40 lakhs.

The company's initial public offer (IPO) will open on 21 February 2025 and is expected to close on 25 February 2025, subject to customary closing conditions. The price band of the issue has been fixed at Rs 165.00-175.00 per share.

The IPO includes a fresh Issue of 3424800 Equity Shares of the Company at an price of Rs 175.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 800 shares with bids in multiples of 800.

Beezaasan Explotech Ltd. anticipates using the proceeds of the issue for .

Smart Horizon Capital Advisors Pvt. Ltd. as lead manager & KFin Technologies Ltd. is the registrar, to the issue.