BMW Ventures Ltd - IPO

BMW Ventures Ltd IPO Details

Initial public offering of 2,34,00,000 equity shares of face value of Rs. 10 each (equity shares) of the company for cash at a price of Rs. 99 per equity share (including a share premium of Rs. 89 Per Equity Share) (Issue Price) aggregating up to RS. 231.66 Crore (the Issue). the issue would constitute 26.98% of the post-issue paid-up equity share capital of the company.Price Band: Rs. 94/- to Rs. 99/- for equity share of face value of Rs. 10 each.The floor price is 9.40 times times the face value and cap price is 9.90 times of the face value of the equity shares.Bids can made for a minimum of 151 equity shares and in multiples of 151 equity shares thereafter.

Objective of issue

Repayment/Pre-payment in full or in part of certain outstanding borrowings availed by the company. General corporate purposes.

BMW Ventures Ltd Contact Details

BMW Ventures Ltd, Subramanian Building, 1ST Floor No 1, Club House Road, Chennai - 600002

Phone - 91-44-28462700

Fax - 91-44-28460129

Email - cs@bmwventures.com

Website - www.bmwventures.com