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(25/06/2025 16:50)

Adcounty Media India announces launch of initial public offering

Adcounty Media India Ltd. has announced public offering of 5963200 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 75.00 per share. The gross proceeds of the issue are expected to be Rs 5,068.72 lakhs.

The company's initial public offer (IPO) will open on 27 June 2025 and is expected to close on 01 July 2025, subject to customary closing conditions. The price band of the issue has been fixed at Rs 80.00-85.00 per share.

The IPO includes a fresh Issue of 5963200 Equity Shares of the Company at an price of Rs 85.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1600 shares with bids in multiples of 1600.

Adcounty Media India Ltd. anticipates using the proceeds of the issue for .

Narnolia Financial Services Ltd. as lead manager & Skyline Financial Services Pvt. Ltd. is the registrar, to the issue.