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The offer will see fresh shares worth Rs 2,700m and a stake worth Rs 1,350m by exiting shareholder SAIF Partners India IV Limited. Proceeds from the IPO will be used for working capital and general corporate purposes. The bid deadline is 6 July, with shares being offered between Rs 301 and Rs 317 each.
Mumbai: SBFC Finance Limited a non-deposit-taking non-banking finance company on Tuesday said it has received final observation from the capital markets regulator, Securities and Exchange Board of India (SEBI), to raise funds through an initial public offering (IPO).
The issue has a face value of Re 1 per equity share is entirely of a fresh issue of up to 8 crore equity shares.
IKIO Lighting Limited, leading manufacturer of LED Lighting in India, has garnered Rs 181.94 crore from 14 anchor investors ahead of its initial public offering that opens for public subscription on Tuesday, June 06, 2023.
IKIO Lighting Limited, a manufacturer of Light Emitting Diode LED Lighting in India, has fixed the price band at ₹270 to ₹285 per Equity Share of face value ₹10 each for its maiden public offer.