Ecoline Exim Ltd - IPO

Ecoline Exim Ltd IPO Details

Initial public offer of 54,20,000 equity shares of face value of Rs. 10/- each (the Equity Shares) of Ecoline Exim Limited (the Company or the Issuer) at an offer price of Rs. 141 per equity share for cash, aggregating up to Rs.76.42 crores (Public Offer) comprising of a fresh issue of 43,40,000 equity shares aggregating to Rs. 61.19 crores (the Fresh Issue) and an offer for sale of 10,80,000 equity shares by the promoter selling shareholders (Offer for Sale) aggregating to Rs. 15.23 crores comprising; 2,50,000 equity shares aggregating up to Rs.3.53 crores by Sudarshan Saraogi; 2,50,000 equity shares aggregating up to Rs.3.53 crores by Saurabh Saraogi; 1,65,000 equity shares aggregating Rs.2.33 crores by Shradha Saraogi, 1,65,000 equity shares aggregating Rs. 2.33 crores by Gunjal Saraogi and 2,50,000 equity shares aggregating up to Rs.3.53 crores by S.L. Commercial Private Limited (Collectively Refferd as Promoter Selling Shareholders) out of which 2,72,000 equity shares of face value of Rs. 10/- each, at an offer price of Rs.141 per equity share for cash, aggregating Rs. 3.84 crores will be reserved for subscription by the market maker to the offer (the Market Maker Reservation Portion). The public offer less market maker reservation portion i.e. offer of 51,48,000 equity shares of face value of Rs. 10/- each, at an offer price of Rs. 141 per equity share for cash, aggregating upto Rs. 72.59 crores is herein after referred to as the Net Offer. The public offer and net offer will constitute 26.42 % and 25.09 % respectively of the post- offer paid-up equity share capital of the company.Price Band: Rs. 141/- for equity share of face value of Rs. 10 each.The floor price is 14.10 times times the face value of the face value of the equity shares.Bids can made for a minimum of 1,000 equity shares and in multiples of 1,000 equity shares thereafter.

Objective of issue

Funding the capital expenditure towards construction of building, mechanical and electrical works and procurement of plant and machinery for setting up a new manufacturing facility at Ahmedabad.. General corporate purpose.

Ecoline Exim Ltd Contact Details

Ecoline Exim Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - cs@ecoline.net.in

Website - https:, ecoline.net.in