Momai Apparels Ltd - IPO

Momai Apparels Ltd IPO Details

Public issue of 38,46,400 equity shares of Rs. 10/- each fully paid for cash at a price of Rs. 78 per equity share (The Issue Price) (including a share premium of Rs. 68 per equity share) aggregating Rs. 30.00 crores (The Issue) by the company, of which 24,000 equity shares of Rs. 10 each will be reserved for subscription by the promoter (The Promoter's contribution). and 1,93,600 equity shares of face value of Rs. 10/- each will be reserved for subscription 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 36,28,800 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 26.66% and 25.15%, respectively of the post issue paid up capital of the company.Issue Price : Rs. 78 per equity share. The face value of the equity share is Rs. 10 each.The issue price is 7.8 time the face value.

Objective of issue

Acquisition of land for setting up new manu. unit. To meet long term working capital requirements. General corporate purposes.

Momai Apparels Ltd Contact Details

Momai Apparels Ltd, C-13 Pannalal Silk, Mills Cmpd LBS Marg, Bhandup West, Mumbai - 400 078

Phone - 91-022-25963838

Fax - 91-022-25946969

Email - investor@momaiapparels.com

Website - www.momaiapparels.com