Public issue of 36,00,000 equity shares of face value of Rs. 10 each ("Equity Shares") of Narayani Steels Limited (The "Company" or The "Issuer") for cash at a price of Rs. 32 per equity share, including a share premium of Rs. 22 per equity share (The "Issue Price"), aggregating Rs. 11.52 crores ("The Issue"), of which 1,88,000 equity shares of face value Rs. 10/- each for cash at a price of Rs. 32 per equity share, aggregating Rs. 0.60 crores will be reserved for subscriptions by the market maker to the issue (The "market maker reservation portion"). The issue less market maker reservation portion i.e. issue of 34,12,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 32 per equity share, aggregating Rs. 10.92 crores is hereinafter refered to as the "Net Issue". The issue amd the net issue will constitute 33.00% and 31.28% respectively of the fully diluted post issue paid up equity share capital of the company.
The face value of the equity shares is Rs. 10 each and the issue price of Rs. 32 is 3.2 times of the face value of the equity shares.
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
01-Sep-2016
06-Sep-2016
₹ 32.00
₹ 0.00
Minimum Application for shares in Nos : 4000.0
Further Multiples of : 4000.0