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Jonjua Overseas announces launch of initial public offering

Share Source By

Dion Global

08 Feb 2019

Jonjua Overseas Ltd. has announced public offering of 1300000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 0.00 per share. The gross proceeds of the issue are expected to be Rs 130.00 lakhs.

The company's initial public offer (IPO) will open on 12 February 2019 and is expected to close on 15 February 2019, subject to customary closing conditions.

The IPO includes a fresh Issue of 1300000 Equity Shares of the Company at an price of Rs 10.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 10000 shares with bids in multiples of 10000.

Jonjua Overseas Ltd. anticipates using the proceeds of the issue for To Meet working capital requirement,To meet the Issue Expenses,To meet General corporate purpose.

Finshore Management Services Ltd. as lead manager & Satellite Corporate Services Pvt. Ltd. is the registrar, to the issue.