Registered Office:
Revenue Survey No. 102/2 Paiki,Plot No 2 Ranuja Road Kalavad,
Jamnagar -
361013,
Gujarat, India.
Phone : 91-9825213622 Fax:
Email : admin@aksharspintex.in
Website : www.aksharspintex.in
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| Initial public offer of 67,47,000 equity shares of face value of 10/- each ("Equity Shares") of Akshar Spintex Limited ("Company" or "Issuer") for cash at a price of (Rs) 40 per equity share (including a share premium of (Rs) 30 per equity share) aggregating to (Rs) 26.99 crores ("Offer") comprising a fresh issue of 9,99,000 equity shares aggregating to (Rs) 4 crores by the company ("Fresh Issue") and an offer for sale of 57,48,000 equity shares by selling shareholders ("Offer for Sale") aggregating to (Rs) 22.99 Crores and together with the fresh issue ("The Offer"). of which 3,45,000 equity shares of face value (Rs) 10/- each for cash at a price of (Rs) 40 per equity share, aggregating (Rs) 1.38 crores will be reserved for subscriptions by the market maker to the offer (The "Market Maker Reservation Portion"). The offer less market maker reservation portion i.e. Net offer of 64,02,000 equity shares of face value of (Rs) 10 each for cash at a price of (Rs) 40 per equity share, aggregating (Rs) 25.61 crores is hereinafter refered to as the "Net Offer". The offer and the net offer will constitute 26.99% and 25.61% respectively of the fully diluted post offer paid up equity share capital of the company.
The Face value of the equity shares is (Rs) 10 each and the offer price of (Rs) 40 is 4 times of the face value of the equity share.
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|
| Issue |
Money Payable On |
| Opens On |
Closes On |
Application |
Allotment |
| 27-Apr-18 |
03-May-18 |
40.00-0.00 |
0.00-0.00 |
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Minimum Application for shares in Nos :
3000
Further Multiples of :
3000
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|
| |
(Rs.Cr) |
Lead Managers to the Issue |
| Project Cost |
26.99 |
Pantomath Capital Advisors Pvt Ltd
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| Project Financed through Current Offer |
26.99 |
|
| Post Issue Equity Share Capital |
25.00 |
|
| Issue Price |
40.00 |
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