Chemcel Biotech Ltd - IPO

Chemcel Biotech Ltd IPO Details

Issue of 1,54,00,000 equity shares of Rs. 10/- each at a price of Rs. 16/- per equity share (including a premium of Rs. 6/- per equity share) of Chemcel Biotech Limited (hereinafter referred to as the company or issuer) for cash aggregating to Rs. 24.64 crores (issue). The issue comprises of contribution by promoters of 16,00,000 equity shares of Rs. 10/- each at a price of Rs. 16/- per equity share for cash aggregating to Rs. 2.56 Crores (promoter's contribution portion), 10,00,000 equity shares of Rs.10/- each reserved for eligible employees of the company on competitive basis at a price of Rs. 16/- aggregating to Rs. 1.60 crores ( hereinafter referred to as employee reservation portion ) and the net issue to the public of 1,28,00,000 equity shares of Rs. 10/- each at a price of Rs. 16/- per equity share for cash aggregating to Rs. 20.48 Crores (net issue to public) the net issue to the public would constitute 49.39% of the fully diluted post issue paid up capital of our company. Issue Price : Rs. 16 per equity share of face value of Rs. 10/- eachThe issue price is 1.6 times of the face value of equity share.

Objective of issue

To Set up Bio-Diesel Manufacturing Unit. To Meet the Addl Working Cap. requirement. To Repay Short Term Loan Availed From Union Bank. To Partially repay the working capital Loan Facili.

Chemcel Biotech Ltd Contact Details

Chemcel Biotech Ltd, E-2/3 Ansa Indl Est, Saki Vihar Road, Sakinaka Andheri(E), Mumbai - 400072

Phone - 91-22-40430200/28470652

Fax - 91-22-28475207

Email - info@chemcelbiotechltd.com