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News Details

( As on 25/09/2025 20:00)

Sheel Biotech announces launch of initial public offering

Sheel Biotech Ltd. has announced public offering of 5400000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 53.00 per share. The gross proceeds of the issue are expected to be Rs 3,402.00 lakhs.

The company's initial public offer (IPO) will open on 30 September 2025 and is expected to close on 03 October 2025, subject to customary closing conditions. The price band of the issue has been fixed at Rs 59.00-63.00 per share.

The IPO includes a fresh Issue of 5400000 Equity Shares of the Company at an price of Rs 63.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 2000 shares with bids in multiples of 2000.

Sheel Biotech Ltd. anticipates using the proceeds of the issue for .

Narnolia Financial Services Ltd. as lead manager & Skyline Financial Services Pvt. Ltd. is the registrar, to the issue.