Public issue of 49,00,000 equity shares of Rs. 10/- each for cash at a price of Rs.1075/- per equity share aggregating Rs.526.75 Crores (the "issue"), including a reservation for eligible employees of 4,90,000 equity shares (the "employee reservation portion") and a net issue to the public of 44,10,000 equity shares (the "net issue") by Bharat Earth Movers Limited ("company"/"issuer"). The issue would constitute 11.77% of the fully diluted post issue paid-up equity capital of our company.
Issue Price is Rs.1075/- per equity share of face value Rs.10/-
The issue price is 107.5 times of the face value
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
27-Jun-2007
03-Jul-2007
₹ 1,075.00
₹ 0.00
Minimum Application for shares in Nos : 5.0
Further Multiples of : 5.0
(₹)Cr.
Lead Managers to the Issue
Project Cost
0.00
ICICI Securities Primary Dealership Ltd
Project Financed through Current Offer
526.75
Post Issue Equity Share Capital
41.77
Issue Price
₹1,075.00
Projects
Expansion of Metro Coach Manuf. Fcaility
Cap. Expend. Incl. updgradation of current Facilit
Voluntary Retirement Scheme (VRS) for Employees
Setting up of 5 MW Wind Mill for Cap. Consumption
Contrb.for Setting up R&D Centre for Metro Coaches