Palco Recycle Industries Ltd - IPO

Palco Recycle Industries Ltd IPO Details

Public issue of [*] equity share with a face value of Rs. 10 each (Equity Share) of Palco Recycle Industries Limited (The Company or The Issuer) for cash at a price of Rs. [*] per equity share (including a share premium of Rs. [*] per equity share) aggregating to Rs. 42.55 crores (The Issue). The issue comprises of a net issue of [*] equity shares aggregating to Rs. 30.00 crores to the public (Net Issue) and promoters' contribution of [*] equity shares aggregating to Rs. 12.55 crores (Promoters' contribution). The issue and the net issue will constitute [*]% and [*]%, respectively of the post-issue paid-up equity share capital of the company.Price band: Rs. [*] to Rs. [*] per equity share.The issue price is [*] times of the face value at the lower end of the price band and [*] times of the face value at the higher end of the price band

Objective of issue

Purchase of business from Palco Metals Ltd. Purchase of business from Palco Recycle Exchange. Expansion of aluminium recycling manu. facility. Purchase of plant, machinery and equipments. Working capital requirement.

Palco Recycle Industries Ltd Contact Details

Palco Recycle Industries Ltd, 101 Shatadal Complex, Ashram Road P O, Navrangpura, Ahmedabad-380009

Phone - 91-79-442878

Fax - 91-79-404027

Email - pril.ipo@palcorecycle.com

Website - www.palcorecycle.com