Birla Shloka Edutech Ltd - IPO

Birla Shloka Edutech Ltd IPO Details

Issue of 69,55,000 equity shares of Rs. 10/- each for cash at a price of Rs. 50/- per equity share aggregating to Rs. 34.78 crores (Hereinafter referred to as the Issue). The issue comprises promoter's contribution of 10,00,000 equity shares of Rs. 10/- each at a price of Rs. 50 per equity share aggregating to Rs. 5.00 crores (Hereinafter referred to as Promoter's contribution) and net issue to the public (hereinafter referred to as The Net Issue or Net Issue to the Public) of 59,55,000 equity shares aggregating to Rs. 29.78 crores. The net issue would constitute 45.97% of the fully diluted post issue paid-up capital of the company.The Issue Price: Rs. 50/- per equity share of face value of Rs. 10/- each.The Issue Price is 5 times of the face value

Objective of issue

Capital expenditure for Turnkey Projects. Capital exp. on upgradation of infrastructure. Funding the proposed M & A activities. To meet the Working Capital requirements.

Birla Shloka Edutech Ltd Contact Details

Birla Shloka Edutech 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 - pro@shlokaybg.com