DMR Hydroengineering & Infrastructure Ltd. has announced public offering of 996000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 11.00 per share. The gross proceeds of the issue are expected to be Rs 209.16 lakhs.
The company's initial public offer (IPO) will open on 24 November 2021 and is expected to close on 29 November 2021, subject to customary closing conditions.
The IPO includes a fresh Issue of 996000 Equity Shares of the Company at an price of Rs 21.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 6000 shares with bids in multiples of 6000.
DMR Hydroengineering & Infrastructure Ltd. anticipates using the proceeds of the issue for Funding working capital requirements
General corporate purposes.
Shreni Shares Pvt. Ltd. as lead manager & Skyline Financial Services Pvt. Ltd. is the registrar, to the issue.