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(As on Aug 29, 2023, 11:10)

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Saroja Pharma Indust announces launch of initial public offering

Saroja Pharma Industries India Ltd. has announced public offering of 1084800 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 74.00 per share. The gross proceeds of the issue are expected to be Rs 911.23 lakhs.

The company's initial public offer (IPO) will open on 31 August 2023 and is expected to close on 05 September 2023, subject to customary closing conditions.

The IPO includes a fresh Issue of 1084800 Equity Shares of the Company at an price of Rs 84.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1600 shares with bids in multiples of 1600.

Saroja Pharma Industries India Ltd. anticipates using the proceeds of the issue for .

SWASTIKA INVESTMART LIMITED as lead manager & Karvy Fintech Pvt. Ltd. is the registrar, to the issue.

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