Ambition Mica Ltd - IPO

Ambition Mica Ltd IPO Details

Further public offer consisting of fresh issue of upto 30,00.000 equity shares of face value of Rs. 10/- each fully paid for cash at a price of Rs. 42 per equity share (the issue price*') (including a share premium of Rs. 32 per equity share) aggregating up to Rs. 12.60 Crores (the issue), of which 1,56,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 42/- per equity share aggregating Rs. 0.66 Crores will be reserved for subscription by the market maker to the issue (the market maker reservation portion). The issue less market maker reservation portion i.e. Issue of 28,44,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 42/- per equity share aggregating Rs. 11.94 Crores is hereinafter refered to as the net issue. The issue .and the net issue will constitute 20.10% and 19.06% respectively of the fully diluted post issue paid up equity share capital of the company.The face value of equity shares is Rs.10/- each.The issue price is Rs.42/- and is 4.2 times the face value of the equity shares.

Objective of issue

Working capital requirement. General corporate purpose.

Ambition Mica Ltd Contact Details

Ambition Mica Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - cs@ambitionmica.com, investor@ambitionmica.com

Website - www.ambitionmica.com