Initial public offer of upto 53,46,000 equity shares of face value of
Rs. 10/- each ("Equity Shares") of the company at an issue price of Rs. 49 per equity share (including a share premium of Rs. 39 per equity share) for cash, aggregating up to Rs. 26.20 crores ("Public Issue") out of which 2,70,000 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 49 per equity share for cash, aggregating Rs. 1.32 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 50,76,000 equity shares of face value of Rs. 10/ - each, at an issue price of Rs. 49 per equity share for cash, aggregating up to Rs. 24.88 crores is hereinafter referred to as the "Net Issue". The public issue and net issue will constitute 27.99 % and 26.58 % respectively of the post-issue paid-up equity share capital of the company.
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
21-Oct-2024
23-Oct-2024
₹ 49.00
₹ 0.00
Minimum Application for shares in Nos : 3000.0
Further Multiples of : 3000.0
(₹)Cr.
Lead Managers to the Issue
Project Cost
23.10
Khandwala Securities Ltd
Project Financed through Current Offer
26.20
Post Issue Equity Share Capital
19.10
Issue Price
₹49.00
Projects
Expansion of existing mfg facility , purchase of machineries
Funding of capital expenditure requirements of the company towards set up of Rooftop on Grid Solar Power Plant at its existing Mfg facility
Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company