Dhanwel Hybrid Seeds Ltd - IPO

Dhanwel Hybrid Seeds Ltd IPO Details

initial public issue of upto 27,00,000* equity shares of face value of Rs. 10/- each (Equity Shares) of Dhanwel Hybrid Seeds Limited (Dhanwel or the Company or the Issuer) for cash at a price Rs. 99 per equity share (including a share premium of Rs. 89 per equity share) (the Issue Price) aggregating upto Rs. 26.73 Crores, of which 1,36,800 equity shares of face value of Rs.10/- each for cash at a price of Rs. 99 per equity share including a share premium of Rs. 89 per equity share aggregating upto Rs. 1.35 Crores will be reserved for subscription by market maker to the issue (Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. Net issue of upto 25,63,200 equity shares of face value of Rs.10/- each at an issue price of Rs. 99 per equity share including a share premium of upto Rs. 89 aggregating to Rs. 25.38 Crores (is hereinafter referred to as the Net Issue). The issue and the net issue will constitute upto 29.66% and 28.16%, respectively of the post issue paid up equity share capital of the company.Price Band: Rs. 99.00 per equity share of face value of Rs. 10.00 each.The floor price is 9.9 times the face value of the equity shares.Bids can be made for a minimum of 2 lots of 1,200 equity shares and in multiples of 1,200 equity shares thereafter.

Objective of issue

Funding towards Repayment or prepayment, in full or in part, of borrowings availed by its Company from banks and financial institutions. Funding the working capital requirements of the Company. General corporate purposes.

Dhanwel Hybrid Seeds Ltd Contact Details

Dhanwel Hybrid Seeds Ltd, Subramanian Building, 1ST Floor No 1, Club House Road, Chennai - 600002

Phone - 91-44-28462700

Fax - 91-44-28460129

Email - info@dhanwelseeds.com

Website - www.dhanwelseeds.com