Narmadesh Brass Industries Ltd IPO |
Registered Office:
Plot No.5,8 & 9 Survey No.433,Shree Ganesh Ind.Hub Changa(V)
,
Jamnagar
-
361012
,
Gujarat
, India.
Phone :
+91 028 9529 9401 Fax:
Email : info@narmadeshbrass.com
Website : www.narmadeshbrass.com
|
| Initial public offering of 8,71,200 equity shares of face value of (Rs)10/- each ("Equity Shares") of Narmadesh Brass Industries Limited ("The Company" or "The Issuer Company") for cash at a price (Rs)515 per equity share ("The Offer Price") aggregating to (Rs)44.87 crores, the offer consisting of fresh issue of 7,00,800 equity shares aggregating to (Rs)36.09 crores ("Fresh Issue") and an offer for sale of 1,70,400 equity shares by the selling shareholder aggregating to (Rs)8.78 crores (The "Selling Shareholder") (The "Offer for Sale", and Together With the Fresh Issue, the "Offer"), of which 45,600 equity shares of face value of (Rs)10/- each for a cash price of (Rs)515 per equity share, aggregating to (Rs)2.35 crores will be reserved for subscription by market maker ( The "Market Maker Reservation Portion"). The offer less the market maker reservation portion i.e. offer of 8,25,600 equity shares of face value of (Rs)10/- each at an offer price of (Rs)515 /- per equity share aggregating to (Rs)42.52 crores ( Is Hereinafter Referred to as The "Net Offer"). The offer and net offer will constitute 28.10% and 26.63%, respectively of the post issue paid up equity share capital of the company.
Price Band: (Rs)515 per equity share of face value (Rs)10/- each.
The floor price is 51.5 times of the face value of the equity shares.
Bids can be made for a minimum of 480 equity shares and in multiples of 240 equity shares thereafter. |
| Issue |
Money Payable On |
| Opens On |
Closes On |
Application |
Allotment |
| 12-Jan-26 |
16-Jan-26 |
(Rs)515.00-0.00 |
(Rs)0.00-0.00 |
| Minimum Application for shares in Nos :480 Further Multiples of :240 |
| |
(Rs Cr) |
Lead Managers to the Issue |
| Project Cost |
0.00 |
| Aryaman Financial Services Limited |
|
| Project Financed through Current Offer |
44.87 |
|
| Post Issue Equity Share Capital |
3.10 |
|
| Issue Price |
(Rs)515.00 |
|
|