Pattech Fitwell Tube Components Ltd - IPO

Pattech Fitwell Tube Components Ltd IPO Details

Initial public issue of upto 24,00,000 equity shares of face value of Rs. 10/- each (Equity Shares) of Pattech Fitwell Tube Components Limited (The Company or the Issuer) for cash at a price of Rs. 50 per equity share (the Issue Price), (including a premium of Rs. 40 per equity share), aggregating Rs. 12.00 crores (The Issue), of which 1,26,000 equity shares of face value of Rs. 10/- for cash at a price of Rs. 50 each aggregating Rs. 0.63 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less market maker reservation portion i.e. issue of 22,74,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 50 per equity share, aggregating to Rs. 11.37 crores is here in after referred to as the Net Issue. The issue and the net issue will constitute 30.94 % and 29.31 % respectively of the post issue paid up equity share capital of the company. Subject to finalisation of basis of allotment The face value of the equity shares is Rs. 10 each and the issue price is Rs. 50 per equity shares.The issue price is 5 times of the face value of the equity shares.Minimum application of 3000 equity shares and in multiples of 3000 equity shares thereafter.

Objective of issue

Funding the working capital requirements. General corporate purposes.

Pattech Fitwell Tube Components Ltd Contact Details

Pattech Fitwell Tube Components Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - cs@pftcpipefittings.com

Website - https:, www.pftcpipefittings.com