ICL Multitrading India Ltd - IPO

ICL Multitrading India Ltd IPO Details

Initial public offer upto 2100800 equity shares of face value of Rs. 10/- each fully paid for cash at a price of Rs. 85 per equity share (the issue price) (including a share premium of Rs. 75 per equity share) aggregating up to Rs. 17.86 Crores (the issue), of which 107200 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 85/- per equity share, aggregating Rs. 0.91 Crores will be reserved for subscription by the market Maker to the issue (the market maker reservation portion). The issue less market maker reservation portion i.e. Issue of 1993600 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 85/- per Equity share, aggregating Rs. 16.95 Crores is hereinafter refered to as the net issue. The issue and the net issue will constitute 30.16% and 28.62% respectively of the post issue paid up equity share capital of the Company. The face value of the equity shares is Rs. 10 each. The issue price is Rs. 85 per equity share and the issue price is 8.5 times the face value.

Objective of issue

Meeting additional Working Capital requirements. Branding Advertising Expenses. Branding Advertising Expenses. Marketing & Brand Building. Marketing & Brand Building. General Corporate Purposes. General Corporate Purposes. Expansion of business activities by setting up of new branch office at Mumbai. Expansion of business activities by setting up of new branch office at Mumbai.

ICL Multitrading India Ltd Contact Details

ICL Multitrading India Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Website - www.iclmultitrading.com