Silgo Retail Ltd’s IPO
Silgo Retail Ltd.’s IPO, a SME initial public offering, opened on Sep 27, 2018 and closed on Oct 3, 2018. It was oversubscribed by 1.23 times.
The issue price of the IPO was ?36 Per Equity Share. The minimum order quantity was 3000 Shares per application and the offer type was Fixed Price Issue.
The shares were listed on NSE Emerge. Silgo Retail Limited was listed on the NSE Emerge Platform on October 10, 2019.
The purpose of the issue was to raise funds for:
- Funding Long Term Working Capital Requirements;
- Funding Expenditure for General Corporate Purposes.
The listing of Silgo Retail Ltd.’s Equity Shares on the SME Exchange provides liquidity to the shareholders, enhances visibility and strengthens the brand name.
As per the Main Object of the Company, Silgo Retail Ltd can undertake with full legitimacy existing activities, as well as activities for which the IPO seeks to raise funds.