Shivam Holding to float 1.16 crore unit shares to general public in IPO; will the issue be in premium price?

Sat, Dec 2, 2023 10:20 PM on Latest, IPO/FPO Result News,

Shivam Holdings, the subsidiary company of Shivam Cement, has decided to float 20% of its paid up capital in an IPO to the general public.

Out of the paid up capital of Rs 5.80 arba, the company will be floating the 1.16 crore unit shares with a premium value to the existing face value of Rs 100 each. The company has nominated Siddhartha Capital to work as the issue manager for the IPO offer, as per the media statement.