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24 February 2017

IPO Synopsis

Libas Designs Ltd
Registered Office: Gala No 55 Apaki Indl Premises,Plot 246 Masrani Lane Kurla(W) , Mumbai - 400070 , Maharashtra , India.
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Public issue of 20,00,000 equity shares of face value of (Rs)10/- each fully paid up of Libas Designs Limited ("Libas designs" or the "company" or the "issuer") for cash at a price of (Rs)68/- per equity share (the "issue price") including a share premium of (Rs)58/- per equity share aggregating (Rs)13.60 crores (the "issue") by the company, of which 1,04,000 equity shares of face value of (Rs)10/- each fully paid up will be reserved for subscription by market maker to the issue ("market maker reservation portion"). The issue less the market maker reservation portion i.e. Issue of 18,96,000 equity shares of (Rs)10/- each fully paid up is hereinafter referred to as the "net issue". The issue and the net issue will constitute 26.67% and 25.28%, respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is (Rs)10 each. The issue price is (Rs)68. The issue price is 6.80 times the face value.

Issue Money Payable On
Opens On Closes On Application Allotment
27-Dec-16 30-Dec-16 (Rs)68.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :2000  Further Multiples of :2000

  (Rs Cr) Lead Managers to the Issue
Project Cost 13.60
Sarthi Capital Advisors Pvt Ltd
Project Financed through Current Offer 13.60  
Post Issue Equity Share Capital 7.50  
Issue Price (Rs)68.00  
To set up 4 new storesGeneral corporate purposes
Working capital requirements
Promoted By
Reshma Riyaz Ganji  
Riyaz Eqbal Ganji  
Nishant Mitrasen Mahimtura  
Listing At
Registrar to the Issue
Bigshare Services Pvt Ltd 
Toll Free number: 1800-425-5501 / 1800-103-5501