Roni Households Ltd. has announced public offering of 1500000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 10.00 per share. The gross proceeds of the issue are expected to be Rs 300.00 lakhs.
The company's initial public offer (IPO) will open on 19 November 2018 and is expected to close on 22 November 2018, subject to customary closing conditions.
The IPO includes a fresh Issue of 1500000 Equity Shares of the Company at an price of Rs 20.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 6000 shares with bids in multiples of 6000.
Roni Households Ltd. anticipates using the proceeds of the issue for (a) Working Capital Requirements,(b) Repayment of Unsecured loan,(c) Funding expenditure for General Corporate Purposes.
ARYAMAN FINANCIAL SERVICES LIMITED as lead manager & Bigshare Services Pvt Ltd. is the registrar, to the issue.