Shreenath Paper Products Ltd. has announced public offering of 5310000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 34.00 per share. The gross proceeds of the issue are expected to be Rs 2,336.40 lakhs.
The company's initial public offer (IPO) will open on 25 February 2025 and is expected to close on 28 February 2025, subject to customary closing conditions.
The IPO includes a fresh Issue of 5310000 Equity Shares of the Company at an price of Rs 44.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 3000 shares with bids in multiples of 3000.
Shreenath Paper Products Ltd. anticipates using the proceeds of the issue for .
Galactico Corporate Services Pvt. Ltd. as lead manager & Bigshare Services Pvt. Ltd. is the registrar, to the issue.