Biocon Electric Ltd - IPO

Biocon Electric Ltd IPO Details

Initial public offering of up to 59,00,000 equity shares of face value of Rs.10 each (the Equity Shares) of Biocon Electric Limited (The Company or the Issuer) for cash at a price of Rs. [*] per equity share (including a securities premium of Rs. [*] per equity share) (Offer Price) aggregating up to Rs. [*] Crores comprising a fresh issue of up to 48,00,000 equity shares of face value Rs. 10 each aggregating up to Rs. [*] Crores by the company (Fresh Issue) and an offer for sale of up to 11,00,000 equity shares of face value Rs. 10 each aggregating up to Rs. [*] Crores (Offered Shares) by the promoter selling shareholders, comprising up to 2,20,000 equity shares of face value Rs. 10 each aggregating up to Rs. [*] Crores by Prakash Chand Jain , up to 2,20,000 equity shares of face value Rs. 10 each aggregating up to Rs. [*] Crores by Ranjeet Kumar Jain , up to 2,20,000 equity shares of face value Rs. 10 each aggregating up to Rs. [*] Crores by Praveen Kumar Jain, up to 2,20,000 equity shares of face value Rs. 10 each aggregating up to Rs. [*] Crores by Vikram Kumar and up to 2,20,000 equity shares of face value Rs. 10 each aggregating up to Rs. [*] Crores by Milap Chand Jain (collectively the Selling Shareholders or Promoter Selling Shareholders), (Offer For Sale, together with the fresh issue, the Offer). The offer will constitute [*] % of the post-offer paid-up equity share capital.The face value of the equity shares is Rs. 10 each and the offer price is [*] times the face value of the equity shares. The price band and the minimum bid lot will be decided by the company.

Objective of issue

Funding working capital requirements of the Company. General Corporate Purposes.

Biocon Electric Ltd Contact Details

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

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - compliamce@bioconelectric.in

Website - www.bioconectric.in