Ashwini Container Movers Ltd - IPO

Ashwini Container Movers Ltd IPO Details

Initial public issue of 50,00,000* equity shares of face value of Rs. 10/- each (Equity Shares) of Ashwini Container Movers Limited (Company) for cash at a price of Rs. 142/- per equity share (Including a Share Premium of Rs. 132/- per Equity Share) (Issue Price) aggregating up to Rs. 71/- crores of which up to 2,50,000* equity shares of face value of Rs. 10/- each for cash at a price of Rs. 142/- per equity share including a share premium of Rs. 132/- per equity share aggregating to Rs. 3.55 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 47,50,000* equity shares of face value of Rs. 10/- each at a price of Rs. 142/- per equity share aggregating to Rs. 67.45 crores is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 33.33% and 31.67% respectively of the post issue paid up equity share capital of the company.Face value of the equity share is INR 10 eachThe issue price is INR 142/-Anchor investor issue price : INR 142 per equity share The issue price is 14.20 Times of the face value of the equity shares.

Objective of issue

Repayment and/or pre-payment, in full or part, of certain borrowings availed by its company. Funding capital expenditure requirement of the company towards purchase of trucks. General corporate purpose.

Ashwini Container Movers Ltd Contact Details

Ashwini Container Movers Ltd, Office No S6-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - compliance@ashwinimovers.com

Website - www.ashwinimovers.com