Initial public issue of 73,50,000 equity shares of face value of Rs. 10/- each of Vishnusurya Projects and Infra Limited ("VPIL" or the "Company" or the "Issuer") for cash at a price of Rs. 68/- per equity share including a share premium of Rs. 58/- per equity share (the "Issue Price") aggregating upto Rs. 49.98 crores ("the Issue"), of which 3,70,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 68/- per equity share including a share premium of Rs. 58/- per equity share aggregating upto
Rs. 2.52 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e., net issue of 69,80,000 equity shares of face value of Rs. 10/- each at a price of Rs. 68/- per equity share including a share premium of Rs. 58/- per equity share aggregating upto Rs. 47.46 crores is herein after referred to as the "Net Issue". The issue and the net issue will constitute 29.87% and 28.36%, respectively, of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10/- each.
The face value of the equity share is Rs. 10/- and the issue price is 6.8 times of the face value.
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
29-Sep-2023
05-Oct-2023
₹ 68.00
₹ 0.00
Minimum Application for shares in Nos : 2000.0
Further Multiples of : 2000.0
(₹)Cr.
Lead Managers to the Issue
Project Cost
42.99
Khandwala Securities Ltd
Project Financed through Current Offer
49.98
Post Issue Equity Share Capital
24.61
Issue Price
₹68.00
Projects
Funding of working capital requirements of the company
Repayment/prepayment in part or full of certain outstanding borrowings availed by the company