Adjia Technologies Ltd. has announced public offering of 270400 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 64.00 per share. The gross proceeds of the issue are expected to be Rs 200.10 lakhs.

The company's initial public offer (IPO) will open on 02 March 2021 and is expected to close on 04 March 2021, subject to customary closing conditions.

The IPO includes a fresh Issue of 270400 Equity Shares of the Company at an price of Rs 74.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1600 shares with bids in multiples of 1600.

Adjia Technologies Ltd. anticipates using the proceeds of the issue for a) Funding purchases of equipmentb) Marketing initiativesc) General Corporate Purposes.

Shreni Shares Pvt. Ltd. as lead manager & KFIN Technologies Pvt. Ltd. is the registrar, to the issue.