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(As on Sep 18, 2019, 11:20)

Misquita Engineering announces launch of initial public offering

Misquita Engineering Ltd. has announced public offering of 716000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 17.00 per share. The gross proceeds of the issue are expected to be Rs 193.32 lakhs.

The company's initial public offer (IPO) will open on 23 September 2019 and is expected to close on 25 September 2019, subject to customary closing conditions.

The IPO includes a fresh Issue of 716000 Equity Shares of the Company at an price of Rs 27.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 4000 shares with bids in multiples of 4000.

Misquita Engineering Ltd. anticipates using the proceeds of the issue for .

Gretex Corporate Services Pvt. Ltd. as lead manager & Bigshare Services Pvt. Ltd. is the registrar, to the issue.

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