Richa Industries Ltd - IPO

Richa Industries Ltd IPO Details

Public issue of 90,00,000 equity shares of Rs. 10/- each for cash at a premium of Rs.20/- per equity share at a Price of Rs. 30/- per equity share aggregating to Rs.27.00 Crores (the issue) by Richa Knits Limited ('the Company' or 'Issuer') including Promoters participation of 15,00,000 Equity shares of Rs.10/- each for cash at a price of Rs. 30/- per equity share ('Promoters participation'). 7,50,000 Equity shares being 10% of the issue size shall be compulsorily allotted to QIBs. 7,50,000 equity shares of Rs. 10/- each for cash at a price of Rs. 30/- per equity share will be reserved in the Issue for subscription by NRIs / FIIs and 3,75,000 equity shares of Rs. 10/- each for cash at a price of Rs. 30/- per equity share will be reserved for Employees. The Net Issue to the Public is 56,25,000 equity shares of Rs. 10/- each for cash at a price of Rs. 30/- per equity share (Net issue).The issue would constitute 43.86% of the fully diluted post issue paid up Equity Capital of the Company. The face value of the share is Rs. 10/- each and the issue price is 3 times of the face value.

Objective of issue

To Set New Unit for Process & Dyeing. To Set new Unit for Knitting at existing location. To enhance exising capacity for Garmenting. To Augment Long Term Working Capital requirements.

Richa Industries Ltd Contact Details

Richa Industries Ltd, C-13 Pannalal Silk, Mills Cmpd LBS Marg, Bhandup West, Mumbai - 400 078

Phone - 91-022-25963838

Fax - 91-022-25946969

Email - cs@richa.in, richa@richa.in

Website - https:, richaindustries.wordpress.com