Shivam Holdings is getting ready to enter the stock market, marking an important step in the company’s growth journey. To manage this process, the company has appointed Siddhartha Capital Limited as the issue manager.
As part of the plan, Shivam Holdings will issue 11.6 million shares to the public. Each share will be offered at Rs 210, which includes a premium over the face value. The funds raised from the IPO are expected to support the company’s long term plans, strengthen its financial position, and open new opportunities for expansion.
For investors, this IPO adds another option to the market at a time when interest in new share issues remains strong. The appointment of a well known issue manager is also seen as a step to ensure a smoother and more transparent offering process.
More details, including the opening date and application process, are expected to be shared in the coming days.
