Astron Multigrain Ltd - IPO

Astron Multigrain Ltd IPO Details

Initial public offer of 29,20,000 equity shares of face value of Rs.10/- each (the equity shares) of Astron Multigrain Limited (the company or AML or the issuer) at price of Rs. 63/- per equity share for cash, aggregating to Rs. 18.40 crores comprising of fresh offer of 23,40,000 equity shares aggregating to Rs. 14.72 crores (fresh offer) and an offer for sale of 5,80,000 equity shares by promoter (selling shareholders) aggregating to Rs. 3.65 crores (offer for sale)(public offer). The offer includes a reservation of 1,48,000 equity shares of face value of Rs.10/- each, at an offer price of Rs. 63/- per equity share for cash, aggregating Rs. 0.93 crores will be reserved for subscription by the market maker to the offer (the market maker reservation portion). The public offer less market maker reservation portion i.e. net offer of up to 27,72,000 equity shares of face value of Rs.10/- each, at an offer price of Rs. 63/- per equity share for cash, aggregating up to Rs. 17.46 crores is herein after referred to as the net offer. The public offer and net offer will constitute 33.95% and 33.23%, respectively of the post-offer paid-up equity share capital of the company.Price Band: Rs. 63/- for equity share of face value of Rs. 10 each.The floor price is 6.30 times times the face value times of the face value of the equity shares.Bids can made for a minimum of 4,000 equity shares and in multiples of 2,000 equity shares thereafter.

Objective of issue

Funding Capital Expenditure towards purchase of machinery. To Meet Working Capital Requirements. General Corporate Expenses.

Astron Multigrain Ltd Contact Details

Astron Multigrain Ltd, Office No S6-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - cs@astronmultigrain.co.in

Website - www.astronmultigrain.co.in