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( As on 05/02/2021 10:50) MRP Agro announces launch of initial public offering

MRP Agro Ltd. has announced public offering of 810000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 30.00 per share. The gross proceeds of the issue are expected to be Rs 324.00 lakhs.

The company's initial public offer (IPO) will open on 08 February 2021 and is expected to close on 10 February 2021, subject to customary closing conditions.

The IPO includes a fresh Issue of 810000 Equity Shares of the Company at an price of Rs 40.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 4 shares with bids in multiples of 4.

MRP Agro Ltd. anticipates using the proceeds of the issue for To Meet Working Capital Requirement

General Corporate Purpose

To Meet the Issue Expenses.

BEELINE BROKING LIMITED as lead manager & Skyline Financial Services Pvt. Ltd. is the registrar, to the issue.
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Attention Investors for Rights Entitlements: "Purchase of REs only gives buyer the right to participate in the ongoing Rights Issue of the concerned company by making an application with requisite application money or renounce the REs before the issue closes. REs which are neither subscribed by making an application with requisite application money nor renounced, on or before the Issue closing date shall lapse and shall be extinguished after the Issue closing date." Please check your dp account for further details.
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