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Vivaa Tradecom Ltd’s Rs. 7.99 crore SME IPO opened for subscription on 27 September
Company to issue 15.66 lakh Equity shares of Rs. 10 face value at a price of Rs. 51 per share; To list on BSE-SME Exchange Ahmedabad (Gujarat) [India], September 30: Public issue of Vivaa Tradecom Ltd – engaged in the manufacturing and trading of cloths and garments opened for subscription on September 27. Company is [...]
Company to issue 15.66 lakh Equity shares of Rs. 10 face value at a price of Rs. 51 per share; To list on BSE-SME Exchange
Ahmedabad (Gujarat) [India], September 30: Public issue of Vivaa Tradecom Ltd – engaged in the manufacturing and trading of cloths and garments opened for subscription on September 27. Company is planning to raise Rs. 7.99 crore for funding working capital requirements and general corporate purposes. Last date for subscribing for the public issue is October 4.
The initial public offering will comprise a fresh issue of 15.66 lakh equity shares of face value Rs. 10 each at a price of Rs. 51 per share (including a premium of Rs. 41 per equity share) aggregating upto Rs. 7.99 crore. Minimum lot size for the application is 2,000 shares which translates in to Rs. 1.02 lakh per application. Interactive Financial Services Ltd is the lead manager of the issue. Company’s shares will be listed on the BSE SME Exchange Platform.
