Lucent Industries Ltd - IPO

Lucent Industries Ltd IPO Details

Public issue of 40,00,000 equity shares of face value Rs. 10/- each of Sylph Education Solutions Limited (SESL or the company or the issuer) for cash at a price of Rs. 12 per share (The issue price), including a share premium of Rs. 2 per equity share aggregating to Rs. 4.80 crores (The issue), of which 2,00,000 equity shares of Rs. 10 each will be reserved for subscription by market maker to the issue (The market maker reservation portion). The issue less the market maker reservation portion i.e. issue of 38,00,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 12 aggregating to Rs. 4.56 crores is herein after referred to as the net issue. The issue and the net issue will constitute 26.67% and 25.33%, respectively of the post issue paid up equity share capital of the company.The face value of the equity shares is Rs. 10 each and The issue price is 12/- each. The Issue price is 1.2 (One point two) times of the face value.

Objective of issue

To set up two new centers for est. of projects. General corporate purpose.

Lucent Industries Ltd Contact Details

Lucent Industries Ltd, 9 ShivShakti Indl Es, J R Boricha Marg, Lower Parel, Mumbai - 400 011

Phone - 91-22-23010771/23018261

Fax - 91-22-23012517

Email - sylphedu@gmail.com, info@sylphedu.com