Harikanta Overseas Ltd - IPO

Harikanta Overseas Ltd IPO Details

Initial public issue of upto 26,70,000 equity shares of face value of Rs.10/- each of Harikanta Overseas Limited (HOL or the Company or the Issuer) for cash at a price of Rs. 86-Rs. 91 per equity share including a share premium of Rs. 76-Rs. 81 per equity share (the Issue Price) aggregating to Rs. 22.96-Rs. 24.30 (the Issue), of which 1,34,400 equity shares of face value of Rs.10/- each for cash at a price of Rs. 86-Rs. 91 per equity share including a share premium of Rs.76-Rs. 81per equity share aggregating to Rs. 1.16-Rs. 1.22 will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less the market maker reservation portion i.e., Net issue of 25,35,600 equity shares of face value of Rs.10/- each at a price of Rs. 86-Rs. 91 per equity share aggregating to Rs. 21.81-Rs. 23.07 Crores is herein after referred to as the Net Issue. The issue and the net issue will constitute 27.06% and 25.70% respectively of the post issue paid up equity share capital of the company.Price Band: Rs. 86/- to Rs. 91/- per equity share of face value Rs. 10/- each.The floor price is 8.6 times of the face value and the cap price is 9.1 times of the face value of the equity shares. Bids can be made for a minimum of 2400 equity shares and in multiples of 1200 equity shares thereafter.

Objective of issue

Capital Expenditure for Factory Premises. Capital Expenditure for Plant and Machineries. Working Capital. General corporate purposes.

Harikanta Overseas Ltd Contact Details

Harikanta Overseas Ltd, Office No S6-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - info@harikantaoverseas.com

Website - www.harikantaoverseas.com