Varun Industries Ltd - Prospectus Synopsis

Varun Industries Ltd RHP

Registered Office : 13 Shankeshwar Darshan , A G Pawar Cross Lane Byculla-E , Mumbai - 400027 , Maharashtra , India.

Phone : 91-22-23727400  Fax : 91-22-23748686

Email : investor_relation@varun.com    Website : www.varun.com

Public issue of 90,00,000 equity shares of face value of Rs.10/- each of Varun Industries Limited (hereinter referred to as the company or issuer) at a price of Rs.60/- for cash at a premium of Rs.50/- per equity share aggregating to Rs.54.00 Crores (hereinafter referred to as the issue) comprising promoters contribution of 24,30,000 equity shares of Rs.10/- each at a price of Rs.60/- for cash at a premium of Rs.50/- per equity share aggregating to Rs.14.58 Crores (hereinafter referred to as the promoters contribution). The net issue to the public is 65,70,000 equity shares of Rs.10/- each at a price of Rs.60/- for cash at a premium of Rs.50/- per equity share aggregating to Rs.39.42 Crores (hereinafter referred to as the net issue). The net issue would constitute 29.71% of post issue paid up capital of our company. The issue price of Rs. 60/- per equity share is 6 times the face value.

Issue Money Payable On
Opens On Closes On Application Allotment
25-Oct-2007 31-Oct-2007 Rs 60 - 0 Rs 0 - 0
Minimum Application for shares in Nos : 100 Further Multiples of : 100
  Rs Cr Lead Managers to the Issue
Project Cost 55.24 IDBI Capital Market Services Ltd
Project Financed through Current Offer 54  
Post Issue Equity Share Capital 22.11  
Issue Price Rs. 60  
Projects
Brand Building &Launching products in Domestic Mkt
Promoted By Listing At Registrar to the Issue
Kailash S Agarwal
Kiran N Mehta
Virendra N Mehta
Mumbai Bigshare Services Pvt Ltd
 

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