Ortel Communications Ltd - IPO

Ortel Communications Ltd IPO Details

Public issue of 9,652,500 equity shares of face value of Rs. 10 each (equity shares) of Ortel Communications Limited (the company or the issuer) for cash at a price of Rs. 181 per equity share including a share premium of Rs. 171 per equity share, aggregating to Rs. 174.71 crores (the issue). The issue comprises a fresh issue to the public of up to 6,000,000 equity shares aggregating to Rs. 108.60 crores (the fresh issue) and an offer for sale of 3,652,500 equity shares (offer for sale) by NSR-PE Mauritius LLC (the selling shareholder) aggregating to Rs. 66.11 crores. The issue constitutes 31.57% of the fully diluted post-issue paid up equity share capital of the company. Issue Price : Rs. 181 per equity share of face value of Rs. 10 each.The issue price is 18.1 times the face value.Anchor Investor issue price : Rs. 181 per equity share

Objective of issue

Expansion of the network for providing Video, data. Capital exp. on devel. of digital cable services. Capital exp. on devel. of broadband services. General corporate purposes.

Ortel Communications Ltd Contact Details

Ortel Communications Ltd, Plot No 17-24, Vittal Rao Nagar, Madhapur, Hyderabad-500081

Phone - 91-040-44655185/44655000

Fax - 91-040-23420814/23420857

Email - bidu.dash@ortelgroup.com

Website - www.ortelcom.com