Tirupati Inks Ltd - IPO

Tirupati Inks Ltd IPO Details

Issue of 11976744 equity shares of Rs. 10/- each for cash at a price of Rs. 43/- per equity share aggregating to Rs. 51.50 crores (Hereinafter referred to as the Issue). The issue comprises promoters contribution of 2676744 equity shares of Rs. 10/- each at a price of Rs. 43/- per equity share aggregating to Rs. 11.51 crores (Hereinafter referred to as promoter's contribution) and Net Issue to the public (Hereinafter referred to as The Net Issue or Net Issue to the Public) of 9300000 equity shares of Rs.10/- each at a price of Rs. 43/- per equity share aggregating to Rs. 39.99 crores. The Net issue would constitute 61.38% of the fully diluted post issue paid-up capital of the company.Issue price: Rs. 43 per equity share of face value of Rs. 10/- eachThe issue price is 4.30 times of the face value

Objective of issue

Setting up facility for manu. of Speciality Inks. Capital expenditure on Lab equipments. Augmenting working capital resources. General corporate purposes. Proposed acquisitions.

Tirupati Inks Ltd Contact Details

Tirupati Inks Ltd, Beetal House 3rd Flr, Behind Local Shp Cen, Nr Dada Harsukh Das, New Delhi - 110062

Phone - 91-11-29961281-82

Fax - 91-11-29961284

Email - complianceofficer@tirupatiinks.com