Acewin Agriteck Ltd - IPO

Acewin Agriteck Ltd IPO Details

Public issue of 17,04,000 equity shares of Rs. 10/- each (Equity Shares) of OFS Technologies Limited (OTL or The Company or The Issuer) for cash at a price of Rs. 25/- per equity share (including a share premium of Rs. 15/- per equity share)(The Issue Price), aggregating to Rs. 4.26 crores (The Issue), of which 96,000 equity shares of Rs. 10/- each for cash at a price of Rs. 25/- per equity share aggregating to Rs. 0.24 crores will be reserved for subscription by market makers to the issue (The market maker reservation portion). The issue less the market maker reservation portion i.e. issue of 16,08,000 equity shares of Rs. 10/- each for cash at a price of Rs. 25/- per equity share aggregating to Rs. 4.02 crores is hereinafter referred to as the net issue. The issue and the net issue will constitute 26.56% and 25.07% respectively of the post issue paid up equity share capital of the company.The face value of equity shares is Rs. 10/-.The issue price is Rs. 25/-.The issue price is 2.50 times of the face value.

Objective of issue

Strategic Acquisition(s) / Joint Venture. General corporate purpose.

Acewin Agriteck Ltd Contact Details

Acewin Agriteck Ltd, E-2/3 Ansa Indl Est, Saki Vihar Road, Sakinaka Andheri(E), Mumbai - 400072

Phone - 91-22-40430200/28470652

Fax - 91-22-28475207

Email - info@ofstech.com