Gleam Fabmat Ltd. has announced public offering of 3120000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 0.00 per share. The gross proceeds of the issue are expected to be Rs 312.00 lakhs.

The company's initial public offer (IPO) will open on 19 February 2019 and is expected to close on 22 February 2019, subject to customary closing conditions.

The IPO includes a fresh Issue of 3120000 Equity Shares of the Company at an price of Rs 10.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 10000 shares with bids in multiples of 10000.

Gleam Fabmat Ltd. anticipates using the proceeds of the issue for (a) Working capital requirements,(b) Funding expenditure for General Corporate Purposes.

Aryaman Financial Services Limited as lead manager & BIGSHARE SERVICES PRIVATE LIMITED is the registrar, to the issue.