Electro Force (India) Ltd IPO |
Registered Office:
# 39/5 Village Waliv Taluka,Vasai East District
,
Palghar
-
401208
,
Maharashtra
, India.
Phone :
+91-22-35722456 Fax:
Email : compliance@electroforceindia.com
Website : www.electroforceindia.com
|
| Initial public offering of 86,74,800 equity shares of face value of (Rs)10/- each ("Equity Shares") of Electroforce (India) Limited ("The Company" or "The Issuer Company") for cash at a price (Rs)93/- per equity share (including a share premium of (Rs)83 /- per equity share) ("Offer Price") aggregating to (Rs)80.68 crores, the offer comprises fresh issue of 60,00,000 equity shares aggregating to (Rs)55.80 crores ("Fresh Issue") and an offer for sale of 26,74,800 equity shares by the selling shareholder aggregating to (Rs)24.88 crores (the "Selling Shareholder") (the "Offer for Sale", and together with the fresh issue, the "Offer"). Out of which 4,35,600 equity shares of face value of (Rs)10/- each for a cash price of (Rs)93 /- per equity share, aggregating to (Rs)4.05 crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. issue of 82,39,200 equity shares of face value of (Rs)10/- each at an issue price of (Rs)93/- per equity share aggregating to (Rs)76.63 crores (is hereinafter referred to as the "Net Issue"). The issue and the net issue will constitute 37.07% % and 35.21 %, respectively of the post issue paid up equity share capital of the company.
The face value of the equity shares is (Rs)10.00 each and the offer price of (Rs)93/- is 9.30 time of the face value.
s
|
| Issue |
Money Payable On |
| Opens On |
Closes On |
Application |
Allotment |
| 19-Dec-23 |
21-Dec-23 |
(Rs)93.00-0.00 |
(Rs)0.00-0.00 |
| Minimum Application for shares in Nos :1200 Further Multiples of :1200 |
| |
(Rs Cr) |
Lead Managers to the Issue |
| Project Cost |
44.40 |
| First Overseas Capital Ltd |
|
| Project Financed through Current Offer |
80.68 |
|
| Post Issue Equity Share Capital |
23.40 |
|
| Issue Price |
(Rs)93.00 |
|
|