Refex Industries Ltd - Prospectus Synopsis

Refex Industries Ltd RHP

Registered Office : 67 Bazullah Road , T Nagar , Chennai - 600017 , Tamil Nadu , India.

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Public issue of 38,00,000 equity shares of Rs. 10/- each at a premium of Rs. 55/- per share (i.e. At a price of Rs.65/- per equity share) for cash aggregating Rs.24.70 Crores (issue). The Issue comprises of a reservation 3,80,000 Equity Shares (i.e 10% of the issue size) of Rs.10/-each at a premium of Rs.55/- per equity share for cash aggregating to Rs.2.47 Crores to be alloted to qualified institutional buyers (QIB Portion) and the new issue to the public consists of 34,20,000 Equity shares of Rs.10/- each at a premium of Rs.55/- per Equity Share for cash aggregating to Rs.22.23 Crores. (Net issue to Public), the net issue to the public would constitute 22.5% of the fully diluted post issue paid up capital of the company. The issue price is 6.5 times of the face value of the equity share

Issue Money Payable On
Opens On Closes On Application Allotment
23-Jul-2007 26-Jul-2007 Rs 65 - 0 Rs 0 - 0
Minimum Application for shares in Nos : 80 Further Multiples of : 80
  Rs Cr Lead Managers to the Issue
Project Cost 36.15 Ashika Capital Ltd
Project Financed through Current Offer 24.7  
Post Issue Equity Share Capital 15.2  
Issue Price Rs. 65  
To Part Finance the Project of Expn. of Cylinders
Promoted By Listing At Registrar to the Issue
Anil Jain
Jagdish Jain
Tarachand Jain
Mumbai Cameo Corporate Services Ltd

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