Palm Jewels Ltd - IPO

Palm Jewels Ltd IPO Details

Public issue of 29,68,000 equity shares of face value of Rs. 10/- each (equity shares) of Palm Jewels Limited (the company or the issuer) for cash at a price Rs. 30/- per equity share (including a share premium of Rs. 20/- per equity share) (issue price) aggregating to Rs. 8.90 Crores (the issue), of which 1,52,000 equity shares of face value of Rs. 10/- each for a cash price ofRs. 30/- per equity share, aggregating to Rs.0.45 Crores will be reserved for subscription by market maker (market maker reservation portion). The issue less the market maker reservation portion i.e. Issue of 28,16,000 equity shares of face value of Rs. 10/- each at an issue price of Rs. 30 per equity share aggregating to Rs. 8.45 Crores (is hereinafter referred to as the net issue). The issue and the net issue will constitute 40.20 % and 38.14 %, 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 of Rs. 30/- i.e. 3.0 times of the face value.

Objective of issue

Working Capital Requirements.

Palm Jewels Ltd Contact Details

Palm Jewels Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - compliance.pjl@gmail.com

Website - www.palmjewelsltd.com