Octopus Papers Ltd - IPO

Octopus Papers Ltd IPO Details

Public issue of 16,84,000 equity shares of face value of Rs. 10 each (Equity Shares) of Octopus Papers Limited (The Company or The Issuer) for cash at a price of Rs. 30 per equity share, including a share premium of Rs. 20 per equity share (The Issue Price), aggregating Rs. 5.05 crores (The Issue), of which 92,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 30 per equity share, aggregating Rs. 0.28 crores will be reserved for subscription by the market maker to the issue (The market maker reservation portion). The issue less market maker reservation portion i.e. issue of Rs. 15,92,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 30 per equity share, aggregating Rs. 4.78 crores is hereinafter referred to as the net issue. The issue and the net issue will constitute 26.86% and 25.39% 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. 30 is 3 times of the face value of the equity shares.

Objective of issue

Working capital requirement. Repayment of term loan. General corporate purpose.

Octopus Papers Ltd Contact Details

Octopus Papers 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 - info@octopuspapersltd.com

Website - www.octopuspapersltd.com