Shree Marutinandan Tubes Ltd - IPO

Shree Marutinandan Tubes Ltd IPO Details

Public issue of 10,00,000 equity shares of face value of Rs. 10/- each of shree Marutinandan Tubes Limited (Shree or the Company or the Issuer) for cash at a price of Rs. 143/- per equity share including a share premium of Rs. 133/- per equity share (the Issue Price) aggregating to Rs. 14.30 crores (The Issue), of which 50,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 143/- per equity share including a share premium of Rs. 133/- per equity share aggregating to Rs. 0.72 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 9,50,000 equity shares of face value of Rs. 10/- each at a price of Rs. 143/- per equity share including a share premium of Rs. 133/- per equity share aggregating to Rs. 13.59 crores is herein after referred to as the Net Issue. The issue and the net issue will constitute 28.90% and 27.46% respectively of the post issue paid up equity share capital of the company.

Objective of issue

To meet incremental working capital requirements. General corporate purposes.

Shree Marutinandan Tubes Ltd Contact Details

Shree Marutinandan Tubes Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - cs@shreemarutitubes.com

Website - www.shreemarutitubes.com