Vrindaa Advanced Materials Ltd - IPO

Vrindaa Advanced Materials Ltd IPO Details

Initial public offering of 85,00,000 equity shares of face value of Rs.10.00 each (Equity Shares) of the company for cash at a price of Rs. [*] per equity share (including a share premium of Rs. [*] per equity share) (Offer Price) aggregating up to Rs. [*] crores (Offer). This offer includes a reservation of 4,28,000 equity shares aggregating up to Rs. [*] crores for subscription by market maker (Market Maker Reservation Portion). The offer less the market maker reservation portion is hereinafter referred to as the Net Offer. The offer and the net offer shall constitute 34.21% and 32.49%, respectively, of the post-offer paid-up equity share capital of the company, respectively. The face value of the equity shares is Rs. 10.00 each. The price band will be decided by the company.

Objective of issue

Funding of working capital requirements of the company. General Corporate Expenses.

Vrindaa Advanced Materials Ltd Contact Details

Vrindaa Advanced Materials Ltd, D-153/A 1st Flr, Okhla Industrial Are, Phase-I, New Delhi-110020

Phone - 91-11-26812682

Fax - 91-11-30857562

Email - vrindaaadvanced@gmail.com

Website - www.vrindaa.co.in