Dishman Carbogen's offer for sale begins today; Promoter Adimans Technologies to offload 5.92% stake

A floor price of Rs140 per equity share has been announced for the issue.

Jan 12, 2021 01:01 IST India Infoline News Service

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Dishman Carbogen Amics have announced that promoter Adimans Technologies LLP has proposed to sell up to 60,71,429 Equity Shares of the Company having a face value of Rs2 each through the offer for sale (OFS).

The above-mentioned share sale is the base offer and represents 3.87% of the total issued and paid-up Equity Share capital of Dishman.

The OFS began from Tuesday, however, will be available for subscription only for non-retail investors.

The offer will available on January 13, 2021, as well, however, for retail investors and those non-retail investors who choose to carry forward their un-allotted bids.

The promoter also has an option to additionally sell up to 32,14,286 Equity Shares having a face value of Rs2 each representing 2.05% of the total issued and paid-up Equity Share capital of the Company.

Cumulatively, the promoter has the option to sell about 5.92% of Dishman Carbogen through the issue.

A floor price of Rs140 per equity share has been announced for the issue. This is at a marginal discount compared to the stock price which is trading at Rs140.95 per piece on Sensex up 0.68% at around 1.14 pm.

On Sensex, the stock has touched an intraday high and low of Rs142.85 per piece and Rs137.60 per piece respectively today. 

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