Prabhu Cable Car Plan for IPO Offering to Public

Tue, Apr 16, 2024 1:37 PM on Latest, IPO/FPO News,

Prabhu Cable Car & Tourism Limited has initiated the procedure of offering primary shares (IPO) to the general public.

The company has invited sealed bid applications for the appointment of a sales manager for the public share issue.

Qualified entities will be chosen through a competitive selection process upon submission of their applications to serve as sales managers.

The selected sales manager will then take charge of advancing the IPO issuance process. Prabhu Cable Car plans to issue the IPO at a premium, and it will be the responsibility of the appointed sales manager to propose the premium price for the company.