Newever Trade Wings Ltd - IPO

Newever Trade Wings Ltd IPO Details

Public issue of 63,20,000 equity shares of face value of Rs. 10 each (Equity Shares) of Newever Trade Wings Limited (The Company or The Issuer) for cash at par, aggregating Rs. 6.32 crores (The issue), of which 3,20,000 equity shares of Rs. 10 each will be reserved for subscription by the market makers to the issue (the market maker reservation portion). The issue less market maker reservattion portion i.e. issue of 60,00,000 equity shares of Rs. 10 each for cash at par aggregating Rs. 6.00 crores is hereinafter refered to as the Net Issue. The issue and the net issue will constitute 26.39% and 25.06% respectively of the fully diluted 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 of Rs. 10 is 1 time of the face value.

Objective of issue

Augmenting long term working capital.

Newever Trade Wings Ltd Contact Details

Newever Trade Wings Ltd, Samhita Complex, Plot No 13 AB, Saki Naka Andheri(E), Mumbai-400072

Phone - 91-22-67720300/400

Fax - 91-22-28591568

Email - info@newever.in, investors@newever.in

Website - www.newever.in