Laxmipati Engineering Works Ltd - IPO

Laxmipati Engineering Works Ltd IPO Details

Public issue of 27,42,000 equity shares of face value of Rs. 10/- each fully paid for cash at a price of Rs. 25 per equity share (the issue price) (including a share premium of Rs. 15 per equity share) aggregating Rs. 6.86 crores (the issue) by the company, of which 11,58,000 equity shares of Rs. 10 each will be reserved for subscription by the promoter (the promoter contribution) and 1,44,000 equity shares of face value of Rs. 10/- each will be reserved for subcription by market maker to the issue (the market maker reservation portion). The issue less the promoter's contribution and the market maker reservation portion i. e. Issue of 14,40,000 equity shares of face value of Rs. 10/- each is hereinafter referred to as the net issue. The issue and the net issue will constitute 47.67% and 25.03%, respectively of the post issue paid up capital of the company.The issue price is Rs. 25The issue price is 2.5 times of the face value

Objective of issue

Working capital requirements. Repay certain unsecured loans availed by us.

Laxmipati Engineering Works Ltd Contact Details

Laxmipati Engineering Works 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 - admin@sivishipping.com

Website - www.laxmipatiengineering.com