Wonder Electricals Ltd - IPO

Wonder Electricals Ltd IPO Details

Public Issue of 22,24,000 equity shares of face value of Rs. 10 each (equity shares) of Wonder Fibromats Limited (the company or the issuer) for cash at a price of Rs. 89 per equity share, including a share premium of Rs. 79 per equity share (the issue price), aggregating Rs.19.79 Crores (the issue), of which 1,12,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 89 per equity share, aggregating Rs.0.99 Crores will be reserved for subscriptions by the market maker to theissue (the market maker reservation portion). The issue less market maker reservation portion i.e. Issue of 21,12,000 equity shares of face value of Rs.10 each cash at a price of Rs. 89 per equity share, aggregating Rs.18.80 Crores is hereinafter Referred to as the net issue. The issue and the net issue will constitute 26.55% and 25.22% respectively of the post issue paid up Equity share capital of the company.The face value of the equity shares is Rs. 10 each and the issue price of Rs. 89 i.e. 8.9 times of the face value of the equity shares.

Objective of issue

To Finance the Expenditure towards Land & Site Development & Other Civil Work. To Acquire the Plant & Machinery. To Part Finance the Requirement of Working Capital. To Meet General Corporate Purposes.

Wonder Electricals Ltd Contact Details

Wonder Electricals Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - info@wonderelectricals.com

Website - www.wonderelectricals.com