L.K.Mehta Polymers Ltd - IPO

L.K.Mehta Polymers Ltd IPO Details

Initial public issue of 10,40,000 equity shares of face value of Rs. 10/- each of L.K.Mehta Polymers Limited (L.K. or the Company or the Isuer) for cash at a price of Rs. 71/- per equity share including a share premium of Rs. 61/- per equity share (the Issue Price) aggregating to Rs. 7.38 crores (The Issue), of which 54,400 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 71/- per equity share including a share premium of Rs. 61/- per equity share aggregating to Rs. 0.38 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. net issue of 9,85,600 equity shares of face value of Rs. 10/- each at a price of Rs. 71/- per equity share including a share premium of Rs. 61/- per equity share aggregating to Rs. 7.00 crores is herein after referred to as the Net Issue. The issue and the net issue will constitute 27.08% and 25.67% 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 is Rs. 71/-. The issue price is 7.10 times of the face value.

Objective of issue

To meet incremental working capital requirements. General corporate purposes.

L.K.Mehta Polymers Ltd Contact Details

L.K.Mehta Polymers Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - cs@lkmehtapolymersltd.com

Website - https:, lkmehtapolymersltd.com