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The company has priced its shares at ₹ 45 apiece, intending to raise ₹ 14.74 crore via the issuance of 3,276,000 shares. The shares are offered in lots of 3,000, amounting to ₹ 1,35,000 per lot. The issue will remain open for trading until Monday, with trading hours extending from 10 am to 5 pm for these three days.
The funds raised from the IPO will be directed towards capital expenditures, general corporate expenses, and public issue costs. A portion of the proceeds will also be allocated towards a business expansion investment worth ₹ 182.05 lakh.
ACSAL operates in the chartering and hospitality sectors with properties such as “Hotel Millennium Plaza” and “Hotel 999”.
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