Initial public offer consisting of fresh issue 42,51,000 equity shares of face value of Rs. 10/- each fully paid for cash at a price of Rs. 43 per equity share (The "Issue Price") (including a share premium of Rs. 33 per equity share) aggregating up to Rs. 18.28 crores (The "Issue"), of which 2,19,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 43/- per equity share, aggregating Rs. 0.94 crores will be reserved for subscription by the market maker to the issue (The "market maker reservation portion"). The issue less market maker reservation portion i.e. Issue of 40,32,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 43/- per equity share, aggregating Rs. 17.34 Crores is hereinafter referred to as the "net issue". The issue and the net issue will constitute 26.99% and 25.60% 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.
The issue price is Rs. 43/- and is 4.3 times the face value of the equity shares.
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
15-Sep-2017
19-Sep-2017
₹ 43.00
₹ 0.00
Minimum Application for shares in Nos : 3000.0
Further Multiples of : 3000.0
(₹)Cr.
Lead Managers to the Issue
Project Cost
18.28
Pantomath Capital Advisors Pvt Ltd
Project Financed through Current Offer
18.28
Post Issue Equity Share Capital
15.75
Issue Price
₹43.00
Projects
Purchase of plant and machinery
Repayment/prepayment of certain borrowings availed by the company
Funding the working capital requirements of the company