Seven Seaz Vacations Ltd - IPO

Seven Seaz Vacations Ltd IPO Details

Initial public offer of 8,73,000 equity shares of face value of Rs. 10/- each (Equity Shares) of Seven Seaz Vacations Limited (Company or the Issuer) for cash at a price of Rs. 50/- per equity share including a share premium of Rs. 40/- per equity share (the Issue Price) aggregating to Rs. 4.37 crores (The Issue) of which 45,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 50/- per equity share including a share premium of Rs. 40/- per equity share aggregating to Rs. 0.23 crores 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 8,28,000 equity shares of face value of Rs. 10/- each at a price of Rs. 50/- per equity share including a share premium of Rs. 40/- per equity share aggregating to Rs. 4.14 crores (the Net Issue). The issue and the net issue will constitute 26.56% and 25.19% respectively of the 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 is Rs. 50/- each i.e.,5.0 times of the face value of the equity shares. The minimum lot size is 3000 equity shares

Objective of issue

To part finance the requirement of Working Capital. To meet General Corporate Purposes.

Seven Seaz Vacations Ltd Contact Details

Seven Seaz Vacations Ltd, T-34 2nd Floor, Okhla Industria Area, Phase-II, New Delhi-110020

Phone - 91-011-26387281/82/83

Fax - 91-011-26387384

Email - csnisha@flywidus.com

Website - www.sevenseaz.com