Registered Office:
Unit #.3 Plot #.33 New India-,Ind.Este,Mahal IN AR Andheri-E,
Mumbai
-
400093,
Phone : +91 72088 78270
Fax : NA
Initial public offering of up to 54,03,600 equity shares of face value of (Rs) 10/- each ("Equity Shares") of the company for cash at a price of
(Rs) 118 per equity share (including a Share Premium of (Rs) 108 per equity Share) ("Offer Price") aggregating up to (Rs) 63.76 crores (the "Offer") comprising a fresh issue of up to 43,23,600 equity shares of face value
(Rs) 10/- each aggregating up to (Rs) 51.02 crores by the company (the "Fresh Issue") and an offer for sale of up to 10,80,000 equity shares (the "Offered Shares") by Sandeep Gangabishan Bajoria aggregating up to (Rs) 12.74 crores (the "Selling Shareholder", and such equity shares offered by the selling shareholder, the "Offered Shares") (such offer for sale by the selling shareholder, the "Offer for Sale" and together with the fresh issue, "the Offer"). The offer will constitute [*] % of the post-offer paid-up equity share capital of the company. The offer includes up to 2,71,200 equity shares of face value of (Rs) 10/- each at an offer price of (Rs) 118 per equity share for cash, aggregating (Rs) 3.20 crores which will be reserved for subscription by the market maker to the offer (the "Market Maker Reservation Portion"). The offer less market marketmaker reservation portion i.e. offer of upto 51,32,400 equity shares of face value of (Rs) 10/- each, at an offer price of (Rs) 118 per equity share for cash, aggregating up to (Rs) 60.56 crores is hereinafter reffered to as the "Net Offer". The offer and net offer will constitute [*] % and [*] %.
Price Band: (Rs) 118 per equity share of face value of (Rs) 10 each.
The cap price is 11.8 times of the face value.
Bids can be made for the minimum of 1200 equity shares and in multiples of 1200 equity shares thereafter.
Opens On
Closes On
Application
Allotment
25-Mar-25
27-Mar-25
118.00-0.00
0.00-0.00
Minimum Application for shares in Nos :
1200
Further Multiples of :
1200
(Rs.Cr)
Lead Managers to the Issue
Project Cost
0.00
Indorient Financial Services Ltd
Project Financed through Current Offer
63.76
Post Issue Equity Share Capital
20.39