Onyx Biotec Ltd. has announced public offering of 4810000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 51.00 per share. The gross proceeds of the issue are expected to be Rs 2,934.10 lakhs.
The company's initial public offer (IPO) will open on 13 November 2024 and is expected to close on 18 November 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 58.00-61.00 per share.
The IPO includes a fresh Issue of 4810000 Equity Shares of the Company at an price of Rs 61.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 2000 shares with bids in multiples of 2000.
Onyx Biotec Ltd. anticipates using the proceeds of the issue for .
Horizon Management Pvt. Ltd. as lead manager & MAS Services Ltd. is the registrar, to the issue.