Atharva Poly-Plast Ltd - IPO

Atharva Poly-Plast Ltd IPO Details

Initial public issue of 45,00,000 equity shares of face value of Rs. 10/- each (the Equity Shares) of Atharva Poly-Plast Limited (the Company or the Issuer) at an issue price of Rs. 55-60 per equity share for cash, aggregating up to Rs. 24.75-27 Crores (Public Issue) comprising of a fresh issue of upto 45,00,000 equity shares aggregating to Rs. 24.75-27 Crores (the Fresh Issue) out of which 2,26,000 equity shares of face value of Rs.10/- each, at an issue price of Rs. 55-60 per equity share for cash, aggregating Rs. 1.24-1.36 Crores will be reserved for subscription by the market maker to the issue (the Market Maker Reservation Portion). The public issue less market maker reservation portion i.e. Issue of 2,26,000 equity shares of face value of Rs.10/- each, at an issue price of Rs. 55-60 per equity share for cash, aggregating Rs. 1.24-1.36 Crores is herein after referred to as the Net Issue. The public issue and net issue will constitute 26.71% and 25.36% respectively of the post-issue paid-up equity share capital of the company.Price Band: Rs. 55/- to Rs. 60/- per equity share of face value of Rs. 10/- each.The floor price is 5.5 times the face value of the equity shares and the cap price is 6.0 times of the face value of the equity shares. Bids can be made for a minimum of 4000 equity shares and in multiples of 2000 equity shares thereafter.

Objective of issue

Funding Capital Expenditure of the Company. Repayment and/or pre-payment, in full or part, of borrowing availed by the Company. Funding working capital requirements of the Company. General corporate purposes.

Atharva Poly-Plast Ltd Contact Details

Atharva Poly-Plast Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - info@atharvapolyplast.in

Website - www.atharvapolyplast.in