Initial public offer of upto 38,86,000 equity shares of face value of
Rs. 10/- each ("Equity Shares") of the company at an issue price of Rs. 62 per equity share (including a share premium of Rs. 52 per equity share) for cash, aggregating up to Rs. 24.09 crores ("Public Issue") out of which 1,96,000 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 62 per equity share for cash, aggregating Rs. 1.22 crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. issue of 36,90,000 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 62 per equity share for cash, aggregating up to Rs. 22.87 crores is hereinafter referred to as the "Net Issue". The public issue and net issue will constitute 37.52 % and 28.29 % respectively of the post-issue paid-up equity share capital of the company.
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
20-Sep-2024
24-Sep-2024
₹ 62.00
₹ 0.00
Minimum Application for shares in Nos : 2000.0
Further Multiples of : 2000.0
(₹)Cr.
Lead Managers to the Issue
Project Cost
0.00
Khandwala Securities Ltd
Project Financed through Current Offer
24.09
Post Issue Equity Share Capital
13.04
Issue Price
₹62.00
Projects
Funding purchase of electric two wheeler vehicles for selling and supplying same to its new and existing dealers
Funding capital expenditure proposed to be incurred towards setting up of eveven dealership store in various states in india
Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company