Akshar Spintex Ltd RHP
Registered Office : Revenue Survey No. 102/2 Paiki , Plot No 2 Ranuja Road Kalavad , Jamnagar - 361013 , Gujarat , India.
Phone : 91-9825213622 Fax :
Email :admin@aksharspintex.in Website : www.aksharspintex.in
Initial public offer of 67,47,000 equity shares of face value of 10/- each (Equity Shares) of Akshar Spintex Limited (Company or Issuer) for cash at a price of Rs. 40 per equity share (including a share premium of Rs. 30 per equity share) aggregating to Rs. 26.99 crores (Offer) comprising a fresh issue of 9,99,000 equity shares aggregating to Rs. 4 crores by the company (Fresh Issue) and an offer for sale of 57,48,000 equity shares by selling shareholders (Offer for Sale) aggregating to Rs. 22.99 Crores and together with the fresh issue (The Offer). of which 3,45,000 equity shares of face value Rs. 10/- each for cash at a price of Rs. 40 per equity share, aggregating Rs. 1.38 crores will be reserved for subscriptions by the market maker to the offer (The Market Maker Reservation Portion). The offer less market maker reservation portion i.e. Net offer of 64,02,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 40 per equity share, aggregating Rs. 25.61 crores is hereinafter refered to as the Net Offer. The offer and the net offer will constitute 26.99% and 25.61% respectively of the fully diluted post offer paid up equity share capital of the company. The Face value of the equity shares is Rs. 10 each and the offer price of Rs. 40 is 4 times of the face value of the equity share.
Issue | Money Payable On | ||
---|---|---|---|
Opens On | Closes On | Application | Allotment |
4/27/2018 12:00:00 AM | 5/3/2018 12:00:00 AM | Rs 40 - 0 | Rs 0 - 0 |
Minimum Application for shares in Nos : 3000 Further Multiples of : 3000 | |||
Rs Cr | Lead Managers to the Issue | |
---|---|---|
Project Cost | 26.99 | Pantomath Capital Advisors Pvt Ltd |
Project Financed through Current Offer | 26.99 | |
Post Issue Equity Share Capital | 26.99 | |
Issue Price | Rs. 40 |
Projects |
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Funding the working capital requirements of the company |
Promoted By | Listing At | Registrar to the Issue | |||
---|---|---|---|---|---|
| - | Bigshare Services Pvt Ltd |
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www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Copyright © IIFL Securities Ltd. All rights Reserved.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes.