Initial public offering of 30,00,000 equity shares of face value of Rs. 10 each (the "equity shares"), at an issue price of Rs. 63 per equity share for cash, aggregating to Rs.18.90 Crores ["public issue"] out of which 1,60,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 63 per equity share for cash, aggregating to Rs. 1.01 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. Net issue of 28,40,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 63 per equity share for cash, aggregating to Rs. 17.89 Crores is hereinafter referred to as the "net issue". The public issue and net issue constitute 26.98% and 25.54% respectively of the 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 is 6.30 times the face value of the equity shares.
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
26-Sep-2018
28-Sep-2018
₹ 63.00
₹ 0.00
Minimum Application for shares in Nos : 2000.0
Further Multiples of : 2000.0
(₹)Cr.
Lead Managers to the Issue
Project Cost
18.90
Hem Securities Ltd
Project Financed through Current Offer
18.90
Post Issue Equity Share Capital
11.12
Issue Price
₹63.00
Projects
Repayment of certain secured borrowing availed by the company
Funding the working capital requirements of the company