E-Land Apparel Ltd - IPO

E-Land Apparel Ltd IPO Details

Public issue of 95,80,000 equity shares of the face value Rs.10/- each at a price of Rs.90/- for cash at a premium aggregating Rs.86.22 Crores (hereinafter referred to as the issue), including employee reservation of 4,79,000 equity shares of the face value Rs.10/- each at a price of Rs.90/- for cash aggregating Rs.4.31 Crores and net issue to the public of 91,01,000 equity shares of face value Rs.10/- each at a price of Rs.90/- for cash aggregating Rs.81.91 Crores (here in after referred to as the net issue to the public) and the issue would constitute 26.62% of the post issue paid-up capital of our company. The Company has made a pre-ipo placement of 19,20,000 Equity Shares. The net offer to the public constitutes 25.29% of the post issue paid-up capital of our company.Issue Price is Rs.90/- per equity share of face value Rs.10 Issue price is 9.00 times the face value

Objective of issue

To part Finance the Proposed Expansion Facility. To meet Exp. for Gen. Corp. Purposes & Acquisition.

E-Land Apparel Ltd Contact Details

E-Land Apparel 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 - investor@elandapparel.com

Website - www.elandapparel.com