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
IPO Details
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
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
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