Dudani Retail Ltd - IPO

Dudani Retail Ltd IPO Details

Initial public offer of up to 36,36,000 equity shares of face value of Rs.10/- each (Equity Shares) of Dudani Retail Limited (the Company or the Issuer) for cash at a price of Rs.29/- per equity share, including a share premium of Rs.19/- per equity share (the Issue Price), aggregating to Rs. 10.54 Crores (the Issue), of which 1,84,000 equity shares of face value of Rs.10/- each for cash at a price of Rs.29/- per equity share, aggregating to Rs. 0.53 Crores will be reserved for subscriptions by the market maker to the issue (the Market Maker Reservation Portion). The issue less market maker reservation portion i.e. Issue of 34,52,000 equity shares of face value of Rs.10/- each for cash at a price of Rs.29/- per equity share, aggregating to Rs. 10.01 Crores is here in after referred to as the Net Issue. The issue and the net issue will constitute 35.01% and 33.24% respectively of the post issue paid-up equity share capital of the company. Price Band: Rs. 29 per equity share of face value Rs. 10/- each.The floor price is 2.9 times of the face value of the equity shares.Bids can be made for a minimum of 8000 equity shares and in multiples of 4000 equity shares thereafter.

Objective of issue

Capital Expenditure. Re-payment of Outstanding borrowings. Working Capital. General Corporate Purpose.

Dudani Retail Ltd Contact Details

Dudani Retail Ltd, 451 Krishna Apra Bus, Netaji Subhash Place, Pitampura, New Delhi-110034

Phone - 011-45121795

Fax - 01145121795

Email - cs@dudaniretail.com

Website - www.divenaworld.com