Misquita Engineering Ltd - IPO

Misquita Engineering Ltd IPO Details

Public Issue of upto 7,16,000 equity shares of face value of Rs.10 each (equity shares) of Misquita Engineering Limited (the company or the issuer) for cash at a price of Rs.27 per equity share including a share premium of Rs.17 per equity share (the issue price) aggregating to Rs.1.93 Crores (the issue) comprising of a fresh issue of 4,44,000 equity shares aggregating to Rs. Rs.1.20 Crores (the fresh issue) and an offer for sale of upto 2,72,000 equity shares by the promoter selling shareholder (offer for sale) aggregating to Rs. 0.73 Crores of which 36,000 equity shares of face value of Rs.10 each for cash at a price of Rs.27 per equity share including a share premium of Rs.17 per equity share aggregating to Rs.0.10 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 6,80,000 equity shares of face value of Rs.10 each at a price of Rs.27 per equity share including a share premium of Rs.17 per equity share aggregating to Rs.1.83 Crores (the net issue). The issue and the net issue will constitute 26.58% and 25.24% respectively of the post issue paid up equity share Capital of the company. The face value of the equity share is Rs.10 and the issue price of Rs.27 is 2.7 times of the face value. The Appilication must be for a minimum of 4000 equity shares and in multiples of 4000 equity shares thereafter.

Objective of issue

Prepayment/Repayment of certain Debt facilities availed by the company (Loan for Shed Expansion). To Meet Working Capital Requirement.

Misquita Engineering Ltd Contact Details

Misquita Engineering Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - info@misquitaengg.com

Website - www.misquitaengg.com