Ahmedabad, July 26 Kizi Apparels Limited, a leading manufacturer and trader of ready-made garments, is pleased to announce its Initial Public Offering (IPO) to raise Rs.558.18 lakhs. The IPO will be conducted through BSE/SME and will open on July 30, 2024.
According to a statement issued by the company here today The company is planning an initial public issue of 26,58,000 equity shares with a face value of Rs.10/- each at an issue price of Rs.21/- per equity share (including a share premium of Rs.11/- per equity share). The total issue size aggregates to Rs.558.18 lakhs. The lead manager to the issue is Interactive Financial services Limited.
Objects of the Issue: Repayment of unsecured loans, Long-term working capital requirements, General corporate purposes and Meeting public issue expenses.
