Rite Zone Chemcon India Ltd - IPO

Rite Zone Chemcon India Ltd IPO Details

Initial public issue of upto 11,95,200 equity shares of face value of Rs. 10 each of Rite Zone Chemcon India Limited (the Company or the Issuer) for cash at a price of Rs. 75 per equity share (the Issue Price) aggregating to Rs. 8.96 crores (The Issue), of which up to 60,800 equity shares of aggregating to Rs. 0.46 will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. net issue of 11,34,400 equity shares of face value of Rs. 10 each at a price of Rs. 75 per equity share aggregating to Rs. 8.51 crores is herein after referred toas the Net Issue. The issue and the net issue will constitute 28.25% and 26.82% respectively of the post issue paid up equity share capital of the company. The issue price of Rs. 75 is 7.5 times of the face value.

Objective of issue

Working capital requirements. General corporate purposes.

Rite Zone Chemcon India Ltd Contact Details

Rite Zone Chemcon India Ltd, D-153/A 1st Flr, Okhla Industrial Are, Phase-I, New Delhi-110020

Phone - 91-11-26812682

Fax - 91-11-30857562

Email - cs@ritezone.in

Website - www.ritezone.in