India, May 3 -- TBO Tek Ltd. has announced public offering of 16856623 shares at a price of Rs 1.00 each for Cash at a Premium of Rs 919.00 per share. The gross proceeds of the issue are expected to be Rs 1,55,080.93 lakhs.
The company's initial public offer (IPO) will open on 08 May 2024 and is expected to close on 10 May 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 875.00-920.00 per share.
The IPO includes a fresh Issue of 16856623 Equity Shares of the Company at an price of Rs 920.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 16 shares with bids in multiples of 16.
TBO Tek Ltd. anticipates using the proceeds of the issue for .
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