Cedaar Textile Ltd. has announced public offering of 4350000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 130.00 per share. The gross proceeds of the issue are expected to be Rs 6,090.00 lakhs.
The company's initial public offer (IPO) will open on 30 June 2025 and is expected to close on 02 July 2025, subject to customary closing conditions. The price band of the issue has been fixed at Rs 130.00-140.00 per share.
The IPO includes a fresh Issue of 4350000 Equity Shares of the Company at an price of Rs 140.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1000 shares with bids in multiples of 1000.
Cedaar Textile Ltd. anticipates using the proceeds of the issue for .
Fast Track Finsec Pvt. Ltd. as lead manager & Skyline Financial Services Pvt. Ltd. is the registrar, to the issue.