Prospect Consumer Products Ltd - IPO

Prospect Consumer Products Ltd IPO Details

Initial public issue of 12,26,000 equity shares of face value of Rs. 10/- each of Prospect Commodities Limited (PCL or the Company or the Issuer) for cash at a price of Rs. 61/- per equity share including a share premium of Rs. 51/- per equity share (the Issue Price) aggregating to Rs. 7.48 crores (The Issue), of which 62,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 61/- per equity share including a share premium of Rs. 51/- per equity share aggregating to Rs. 0.38 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 11,64,000 equity shares of face value of Rs. 10/- each at a price of Rs. 61/- per equity share aggregating to Rs. 7.10 crores is herein after referred to as the Net Issue. The issue and the net issue will constitute 29.97% and 28.46% respectively of the 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 is 6.1 times of the face value.Minimum application of 2000 equity shares and in multiples of 2000 equity shares thereafter.

Objective of issue

Repeyment of Unsecured Loans. Long term working capital requirements. General corporate purposes.

Prospect Consumer Products Ltd Contact Details

Prospect Consumer Products Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - info@prospectcommodities.com

Website - www.prospectcommodities.com