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( As on 18/09/2018 12:50) Silgo Retail announces launch of initial public offering

Silgo Retail Ltd. has announced public offering of 1356000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 26.00 per share. The gross proceeds of the issue are expected to be Rs 488.16 lakhs.

The company's initial public offer (IPO) will open on 27 September 2018 and is expected to close on 03 October 2018, subject to customary closing conditions.

The IPO includes a fresh Issue of 1356000 Equity Shares of the Company at an price of Rs 36.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 3000 shares with bids in multiples of 3000.

Silgo Retail Ltd. anticipates using the proceeds of the issue for Funding Long Term Working Capital Requirements

Funding Expenditure for General Corporate Purposes.

Aryaman Financial Services Ltd. as lead manager & Bigshare Services Pvt. Ltd. is the registrar, to the issue.