Kenrik Industries Ltd - IPO

Kenrik Industries Ltd IPO Details

Initial public offer of 34,98,000 equity shares of face value of Rs. 10/- each (Equity Shares) of Kenrik Industries Limited (the Company or the Issuer) for cash at a price of Rs. 25/- per equity share, including a share premium of Rs. 15/- per equity share (the Issue Price), aggregating to Rs. 8.75 crores (The Issue), of which 1,80,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 25/- per equity share, aggregating to Rs. 0.45 crores will be reserved for subscriptions by the market maker to the issue (the Market Maker Reservation Portion). The issue less market maker reservation portion i.e. issue of 33,18,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 25/- per equity share, aggregating to Rs. 8.30 crores is here in after referred to as the Net Issue. The issue and the net issue will constitute 27.99% and 26.55% respectively of the post issue paidup equity share capital of the company.The face value of the equity share is Rs. 10/- each and the issue price is Rs. 25/- each i.e., 2.5 times of the face value of the equity shares. The minimum lot size is 6,000 equity shares.

Objective of issue

To meet working capital requirements. General corporate expenses.

Kenrik Industries Ltd Contact Details

Kenrik Industries Ltd, D-153/A 1st Flr, Okhla Industrial Are, Phase-I, New Delhi-110020

Phone - 91-11-26812682

Fax - 91-11-30857562

Email - cs@kenrikindustries.net

Website - www.kenrikindustries.net