Alkosign Ltd - IPO

Alkosign Ltd IPO Details

Initial public offering of 27,00,000 equity shares of face value of Rs. 10 each (Equity Shares) of Alkosign Limited (Alkosign or the The Company or the Issuer) for cash at a price of Rs. 45 per equity share (including a premium of Rs. 35 per equity share) (Issue Price) aggregating Rs. 12.15 crores (The Issue) of which 1,38,000 equity shares aggregating to Rs. 0.62 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 25,62,000 equity shares of face value of Rs. 10 each at an issue price of Rs. 45 per equity share aggregating to Rs. 11.53 crores is herein after referred to as the Net Issue. The issue and the net issue will constitute 49.59% and 47.05% 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 issue price is 4.5 times of the face value. Minimum application size of 3000 equity shares and in multiples of 3000 equity share thereafter.

Objective of issue

Prepayment/repayment of certain secured borrowings availed by the company. Funding working capital requirements. General corporate purposes.

Alkosign Ltd Contact Details

Alkosign Ltd, D-153/A 1st Flr, Okhla Industrial Are, Phase-I, New Delhi-110020

Phone - 91-11-26812682

Fax - 91-11-30857562

Email - investor@alkosign.com

Website - https:, www.alkosign.com