Jinsuri Electromet Ltd - IPO

Jinsuri Electromet Ltd IPO Details

Public issue of 39,99,000 equity shares of face value of Rs. 10.00 each of Jinsuri Electromet Limited (The Company or The Issuer) for cash at a price of Rs. 45.00 per equity share (Including a Share Premium of Rs. 35.00 per Equity Share) (Issue Price) aggregating to Rs. 18.00 crores (The Issue). Of the issue, 2,01,000 equity shares aggregating to Rs. 0.90 crores will be reserved for subscription by market maker (Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. issue of 37,98,000 equity shares of face value of Rs. 10.00 each at an issue price of Rs. 45.00 per equity share aggregating to Rs. 17.09 crores is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 35.54 % and 33.75 %, respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10.00 each and the issue price of Rs. 45.00 is 4.50 times of the face value.

Objective of issue

Acquire custom-made Dyes. Deposit payment for contract mfg. Purchase of registred office/corporate office. Funding additional working capital requirements. General corporate purposes.

Jinsuri Electromet Ltd Contact Details

Jinsuri Electromet Ltd, 9 ShivShakti Indl Es, J R Boricha Marg, Lower Parel, Mumbai - 400 011

Phone - 91-22-23010771/23018261

Fax - 91-22-23012517

Email - info@jinsurielectromet.com

Website - www.jinsurielectromet.com