Chemtech Industrial Valves Ltd - IPO

Chemtech Industrial Valves Ltd IPO Details

Public issue of 49,52,000 equity shares of Rs. 10/- each fully paid of Chemtech Industrial Valves Limited (CIVL or the Company or the Issuer) for cash at a price of Rs. 15/- per equity share (The Issue Price)(which includes a share premium of Rs. 5/- per equity share), aggregating to Rs. 7.43 crores (The Issue), of which 2,80,000 equity shares of Rs. 10/- each 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 46,72,000 equity shares of Rs. 10/- each is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 43.17% and 40.73%, respectively of the post issue paid up equity share capital of the company. The face value of the equity share is Rs. 10/- each and the issue price is Rs. 15/-. The issue price is 1.5 times of the face value.

Objective of issue

Purchase of Plant & Machinery. Interiors of Corporate Office at Thane. Incremental working capital requirement. General corporate purposes.

Chemtech Industrial Valves Ltd Contact Details

Chemtech Industrial Valves 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 - investors@chemtechvalves.com

Website - www.chemtechvalves.com