Cash UR Drive Marketing Limited - IPO

Cash UR Drive Marketing Limited IPO Details

Initial public offering up to 46,76,000 equity shares of Rs. 10/- each (Equity Shares) of Cash UR Drive Marketing Limited (CUDML or the Company) for cash at a price of Rs. 130/- per equity share (the Issue Price), aggregating to Rs. 60.79 crores (the Offer), comprising a fresh issue of up to 44,69,000 equity shares aggregating to Rs. 58.10 crores by the company (Fresh Issue) and an offer for sale of up to 2,07,000 equity shares by Parveen K Khanna (the Promoter or the Selling Shareholder) aggregating to Rs. 2.69 crores (Offer for Sale). Out of the offer, 2,59,000 equity shares aggregating to Rs. 3.37 crores will be reserved for subscription by market maker (Market Maker Reservation Portion). The offer less the market maker reservation portion i.e. offer of 44,17,000 equity shares of face value of Rs. 10.00/- each at an issue price of Rs. 130/- per equity share aggregating to Rs. 57.42 crores is hereinafter referred to as the Net Offer. The offer and the net offer will constitute 26.50 % and 25.03 %, respectively of the post issue paid up equity share capital of the company.

Objective of issue

Investment in technology. Capital expenditure. Funding the working capital requirement. General corporate purposes.

Cash UR Drive Marketing Limited Contact Details

Cash UR Drive Marketing Limited, Office No S6-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - cs@cashurdrive.net

Website - www.cashurdrive.com