Poojawestern Metaliks Ltd - IPO

Poojawestern Metaliks Ltd IPO Details

Public issue of 15,21,000 equity shares of face value of Rs. 10/- each (equity shares) of Poojawestern Metaliks Limited (the company or the issuer) for cash at a price of Rs. 36 /- per equity share, including a share premium of Rs. 26 /- per equity share (the issue price), aggregating Rs. 5.48 crores (the issue), of which 81,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 36/- per equity share, aggregating Rs. 0.29 crores will be reserved for subscription by the market maker to the issue (the market maker reservation portion). The issue less market maker reservation portion i.e. Net issue of 14,40,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 36/- per equity share, aggregating Rs. 5.19 crores is hereinafter refered to as the net issue. The issue and the net issue will constitute 29.99% and 28.40% respectively of the fully diluted post issue paid up equity share capital of the company.The face value of the equity share is Rs. 10 each and the issue price of Rs. 36 is 3.6 times of the face value of the equity shares.

Objective of issue

Working capital requirements. General corporate purpose.

Poojawestern Metaliks Ltd Contact Details

Poojawestern Metaliks Ltd, E-2/3 Ansa Indl Est, Saki Vihar Road, Sakinaka Andheri(E), Mumbai - 400072

Phone - 91-22-40430200/28470652

Fax - 91-22-28475207

Email - info@poojametal.com

Website - www.poojametal.com