Public issue of 1,06,00,000 equity shares of Rs.10/- each at a price of Rs. 110/- per equity share for cash aggregating Rs. 116.60 crores (the "issue"), by Pradip Overseas Limited (the "company" or the "issuer"). The issue comprises 5,00,000 equity shares of Rs.10/- each reserved for subscription by eligible employees and a net issue to the public of 1,01,00,000 equity shares of Rs.10/- each. The issue will constitute 26.26 % of the fully diluted post issue paid-up capital of the compay. The net issue to public will constitute 25.02 % of the fully diluted post issue paid-up capital of our company.
Issue Price : Rs. 110/- per equity share of face value of Rs.10/- each
The issue price is 11 times of the face value
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
11-Mar-2010
15-Mar-2010
₹ 110.00
₹ 0.00
Minimum Application for shares in Nos : 60.0
Further Multiples of : 60.0
(₹)Cr.
Lead Managers to the Issue
Project Cost
206.12
Anand Rathi Advisors Ltd
Project Financed through Current Offer
116.60
Post Issue Equity Share Capital
40.37
Issue Price
₹110.00
Projects
To Part Fin.the Setting up Prop. Manuf. Facility
To Part Fin. Margin Money requirement Working Capi