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Chandra Bhagat Pharm announces launch of initial public offering

Share Source By

Dion Global

30 Jan 2020

Chandra Bhagat Pharma Ltd. has announced public offering of 2000000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 41.00 per share. The gross proceeds of the issue are expected to be Rs 1,020.00 lakhs.

The company's initial public offer (IPO) will open on 31 January 2020 and is expected to close on 06 February 2020, subject to customary closing conditions.

The IPO includes a fresh Issue of 2000000 Equity Shares of the Company at an price of Rs 51.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 2000 shares with bids in multiples of 2000.

Chandra Bhagat Pharma Ltd. anticipates using the proceeds of the issue for .

Beeline Broking Ltd. as lead manager & Link intime India Pvt Ltd. is the registrar, to the issue.