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IPO Details


Pearl Global Industries Ltd
Registered Office: A-3 Community Centre Phase II, Naraina Industrial Area, New Delhi - 110028, New Delhi
Phone:
Email: investor.pgil@pearlglobal.com; sandeep.sabharwal@p
Website: www.pearlglobal.com
Public issue of 59,84,994 equity shares of Rs.10 each (equity shares) of House of Pearl Fashions Limited (HOPFL, or House of Pearl, or the Company, or the issuer) for cash at a price of Rs.550 per equity share, aggregating Rs.329.17 Crores, comprising a fresh issue of 47,59,794 Equity shares of Rs.10 each by the company (the fresh issue) and an offer for sale of 12,25,200 equity shares of Rs.10 each by Mr.Deepak Seth, Mrs. Payel seth, Mr.Pallak seth and Mr.Pulkit seth (the selling shareholders). The fresh issue and the offer for sale are together referred to herein as the issue. 1,22,600 equity shares of Rs.10 each will be reserved in the issue for subscription by employees (as specifically defined herein in the section definitions and abbreviations) at the issue price (the employee reservation portion). The issue less the employee reservation portion shall be hereinafter referred to as the net issue. There will also be a green shoe option of up to 6,12,060 equity shares for cash at a price of Rs.550 per equity share aggregating Rs.33.66 Crores (the green shoe option). The issue will constitute 31.38% of the fully diluted post-issue equity share capital of the company assuming that the green shoe option is not exercised and 33.52% of the fully diluted post-issue equity share capital of the company assuming that the green shoe option is exercised in full. Issue Price Rs.550/- per equity share of face value Rs.10 each. The issue price is 55.0 times the face value
Issue Money Payable On
Opens On Closes On Application Allotment
16-Jan-2007 23-Jan-2007 550.00 0.00
Minimum Application for shares in Nos : 10 Further Multiples of : 10
()Cr. Lead Managers to the Issue
Project Cost 0.00 JM Morgan Stanley Pvt Ltd
Project Financed through Current Offer 329.17
Post Issue Equity Share Capital 19.07
Issue Price 550.00
Projects
Invest in its Subsi. com. to increase the Capacity
Invest in its Subsidiary company
Setting up of an integrated information Tech.
Pre-Payment of certain TL availed by Co & Subsidia
Setting up a domestic branded apparel retail buss.
Acqusition of an existing Intl. Brand in the US&UK
General Corporate Purposes
Promoted By
Deepak Seth
Payel Seth
Pallak Seth
Listing At
BSE
NSE
Registrar to the Issue
Link Intime India Pvt Ltd

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