Public issue of 75,000,000 equity shares of Rs. 10 each of Nitesh Estates Limited (The "Company" or the "Issuer") for cash at a price of Rs. 54 per equity share (including a share premium of Rs. 44 per equity share) aggregating up to Rs. 405.00 crores (the "Issue"). The Issue will constitute 51.43% of the fully diluted post issue paid-up capital of the company.
Issue price: Rs. 54 per equity share of face value Rs. 10 each
The Issue price is 5.4 times the face value
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
23-Apr-2010
27-Apr-2010
₹ 54.00
₹ 0.00
Minimum Application for shares in Nos : 100.0
Further Multiples of : 100.0
(₹)Cr.
Lead Managers to the Issue
Project Cost
1,020.77
Enam Securities Pvt Ltd
Project Financed through Current Offer
405.00
Post Issue Equity Share Capital
145.83
Issue Price
₹54.00
Projects
Acquire Joint Development Rights of the company
Fund the existing Subsi./Asso.,for Repay. of loans
Repay certain loans of the company
Fund the expenditure for general corporate purpose