Accretion Nutraveda Ltd - IPO

Accretion Nutraveda Ltd IPO Details

Initial public issue of up to 19,20,000 equity shares of face value of Rs. 10/- each of Accretion Nutraveda Limited (Accretion or the company or the issuer) for cash at a price of Rs.129/- per equity share including a share premium of Rs.119/- per equity share (the issue price) aggregating to Rs.24.77 crores (the Issue), of which 96,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs.129/- per equity share including a share premium of Rs.119 /- per equity share aggregating to Rs.1.24 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 18,24,000 equity shares of face value of Rs. 10/- each at a price of Rs. 129/- per equity share including a share premium of Rs. 119 per equity share aggregating to Rs. 23.53 crores is herein after referred to as the net issue. The issue and the net issue will constitute up to 26.52 % and 25.19 %, respectively, of the post issue paid up equity share capital of the company.Price Band: Rs. 129 per equity share of face value Rs. 10/- each.The floor price is 12.9 times of the face value of the equity shares.Bids can be made for a minimum of 2000 equity shares and in multiples of 1000 equity shares thereafter.

Objective of issue

Purchase of Machineries for Automation in existing Manufacturing unit. Purchase of Machineries for New Manufacturing Setup. Funding working capital requirements of the company. General corporate purposes.

Accretion Nutraveda Ltd Contact Details

Accretion Nutraveda Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - compliance@accretionnutraveda.com

Website - www.accretionnutraveda.com