Flexituff Ventures International Ltd - IPO

Flexituff Ventures International Ltd IPO Details

Public issue of 6,750,000 equity shares of face value Rs. 10 each of Flexituff International Limited (FIL or The Company or The Issuer) for cash at price of Rs. 155/- per equity share (Issue Price) (including a share premium of Rs. 145/- per equity share) aggregating to Rs. 104.63 crores comprising of a fresh issue of 4,500,000 equity shares of Rs. 10 each at a price of Rs. 155/- per equity share aggregating to Rs. 69.75 crores (Fresh Issue) and an offer for sale of up to 2,250,000 equity shares of Rs. 10 each at a price of Rs. 155/- per equity share aggregating to Rs. 34.88 crores by Clearwater Capital Partners (Cyprus) Limited (The Selling Shareholder) (Offer for Sale). The fresh issue and the offer for sale are together referred to as the Issue. The issue will constitute 31.09% of the post issue paid up capital of the company.Issue price: Rs. 155/- per equity share of face value of Rs. 10/- each.The issue price is 15.5 times of the face value.

Objective of issue

Expansion of manufacturing facilities at SEZ & DTA. Setting up of Dripper Project at Kashipur. Working capital requirements. General corporate purposes.

Flexituff Ventures International Ltd Contact Details

Flexituff Ventures International Ltd, C-13 Pannalal Silk, Mills Cmpd LBS Marg, Bhandup West, Mumbai - 400 078

Phone - 91-022-25963838

Fax - 91-022-25946969

Email - investors@flexituff.com, mail@flexituff.com

Website - www.flexituff.com