Initial public offering of 38709676 equity shares of face value of Rs.10 each (the "equity shares") of Navkar Corporation Limited ("NCL" or the "company" or the "issuer") for cash at a price of Rs. 155 per equity share (including a share premium of Rs. 145 per equity share) (The "offer price") aggregating to Rs. 600 crore (The "offer"). The offer comprises a fresh issue of 32,903,225 equity shares aggregating to Rs. 510 crore by the company (The "fresh issue") and an offer for sale of 5,806,451 equity shares aggregating to Rs. 90 crore by Sidhhartha Corporation Private Limited (The "selling shareholder") (The "offer for sale"). The offer shall constitute 27.14% of the post-offer paid-up equity share capital of the company.
The Offer Price is Rs. 155 per equity shares of face value of Rs. 10 each.
The offer price is 15.5 times the face value.
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
24-Aug-2015
26-Aug-2015
₹ 155.00
₹ 0.00
Minimum Application for shares in Nos : 95.0
Further Multiples of : 95.0
(₹)Cr.
Lead Managers to the Issue
Project Cost
483.34
Axis Capital Ltd
Project Financed through Current Offer
600.00
Post Issue Equity Share Capital
0.00
Issue Price
₹155.00
Projects
Capacity enhancement of the somathane CFS
Development of the non-notified areas of CFSs
Estabilishment of a logistics park at Valsad (near