Micromax Informatics Ltd - IPO

Micromax Informatics Ltd IPO Details

Public issue of 21,546,118 equity shares of Rs.10 each (Equity Shares) for cash at a price of [*] per equity share (The Issue Price) of Micromax Informatics Limited (The Company or The Issuer) aggregating [*] crores (The Issue). The issue would constitute 10.03% of the post issue paid-up equity capital of the company. The face value of the equity share is 10 each. * The Company in consultation with the BRLMs may decide to offer a discount of Rs. [*] or up to 10% to the Issue Price to the Retail Individual Bidders (Retail Discount). The excess amount paid at the time of bidding shall be refunded to the Retail Individual Bidders.

Objective of issue

Establishment of a new handset manufacturing plant. Enhancement of the 'Micromax' brand through adv.. Investment in acquisitions & other strategic init.. Funding expenditure for general corporate purposes.

Micromax Informatics Ltd Contact Details

Micromax Informatics Ltd, , , ,

Phone -

Fax -

Email - divya.pant@micromaxinfo.com

Website - www.micromaxinfo.com