Corona Remedies Ltd - IPO

Corona Remedies Ltd IPO Details

Initial public offering of up to [*] equity shares of face value of Rs. 10/- each (Equity Shares) of Corona Remedies Limited (Company) for cash at a price of Rs. [*] per equity share (Offer Price) aggregating up to Rs. 655.37 crores (Offer), comprising an offer for sale of up to [*] equity shares of face value of Rs. 10/- each aggregating up to Rs. 129.84 crores by Kirtikumar Laxmidas Mehta (Promoter Selling Sharheolder), up to [*] equity shares of face value of Rs. 10/- each aggregating up to Rs. 76.61 crores by Minaxi Kirtikumar Mehta, up to [*] equity shares of face value of Rs. 10/- each aggregating up to Rs. 10.39 crores by Dipabahen Niravkumar Mehta, up to [*] equity shares of face value of Rs. 10/- each aggregating up to Rs.10.39 crores by Brinda Ankur Mehta (Promoter Group Selling Shareholders), up to [*] equity shares of face value of Rs.10/- each aggregating up to Rs. 404.60 crores by Sepia Investments Limited, up to [*] equity shares of face value of Rs. 10/- each aggregating up to Rs. 15.13 crores by Anchor Partners and up to [*] equity shares of face value of Rs. 10/- each aggregating up to Rs. 8.42 crores by Sage Investment Trust (Investor Selling Shareholders, and along with the promoter selling shareholder and promoter group selling shareholders, the Selling Shareholders) (Offer for Sale, and such equity shares offered in the offer for sale, the Offered Shares). The offer includes a Reservation of [*] equity shares of face value of Rs. 10/- each, aggregating up to Rs. 5.85 crores (Constituting up to [*] % of the post offer paid-up equity share capital of the company, for subscription by eligible employees (the Employee Reservation Portion). The offer less the employee reservation portion is hereinafter referred to as the Net Offer. The offer and the net offer shall constitute [*] % and [*] %,respectively, of the post-offer paid-up equity share capital of the company.Price Band: Rs. 1008/- to Rs. 1062/- for equity share of face value of Rs. 10 each.The floor price is 100.80 times times the face value and cap price is 106.20 times of the face value of the equity shares.Bids can made for a minimum of 14 equity shares and in multiples of 14 equity shares thereafter.A discount of Rs. 54 per equity share is being offered to eligible employees bidding in the employee reservation portion.

Objective of issue

Listing of Shares on the Stock Exchanges.

Corona Remedies Ltd Contact Details

Corona Remedies Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - complianceofficer@coronaremedies.com

Website - www.coronaremedies.com