Shree Krishna Infrastructure Ltd. has announced public offering of 900000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 3.00 per share. The gross proceeds of the issue are expected to be Rs 117.00 lakhs. The company's initial public offer (IPO) will open on 15 November 2018 and is expected to close on 22 November 2018, subject to customary closing conditions. The IPO includes a fresh Issue of 900000 Equity Shares of the Company at an price of Rs 13.00 per Equity Share.
The company has fixed the minimum bid lot for the issue at 3000 shares with bids in multiples of 3000. Shree Krishna Infrastructure Ltd. anticipates using the proceeds of the issue for . Finshore Management Services Ltd. as lead manager & Satellite Corporate Services Pvt. Ltd. is the registrar, to the issue.