Essel Forex Ltd - IPO

Essel Forex Ltd IPO Details

Public issue of [*] equity shares of face value of Rs. 10 each of VKC Credit and Forex Services Limited (The Company or The Issuer) for cash at a price of Rs. [*] per equity share (including a share premium of Rs. [*] per equity share)(Issue Price) aggregating upto Rs. [*] crores, consisting of a fresh issue of [*] equity shares by the company aggregating upto Rs. 16.00 crores (Fresh Issue) and an offer for sale of upto 18,00,000 equity shares by VKC Finsoft Solutions private Limited and Dr. Jayam Kannan (Selling Shareholders) aggregating to Rs. [*]crores (Offer for Sale) at the issue price (The offer for sale and fresh issue are together referred to as the Issue) of which [*] equity shares of face value of Rs. 10 each will be reserved for subscription by Market Maker (Market Maker Reservation Portion). The issue less the Market Makers reservation portion i.e. issue of [*] equity shares of face value of Rs. 10 each is hereinafter referred to as the Net Issue. The issue and the net issue will constitute [*]% and [*]%, respectively of the post issue paid up equity share capital of the company.

Objective of issue

Working capital requirements. General Corporate purposes.

Essel Forex Ltd Contact Details

Essel Forex Ltd, C-13 Pannalal Silk, Mills Cmpd LBS Marg, Bhandup West, Mumbai - 400 078

Phone - 91-022-25963838

Fax - 91-022-25946969

Email - ipo@vkcforex.com