HGS India Ltd - IPO

HGS India Ltd IPO Details

initial public offer of up to 28,80,000 equity shares of face value of Rs. 10/- each (the Equity Shares) of HGS (India) Limited (The Company or HGS or The Offeror) at an offer price of Rs. 114-120 per equity share (including share premium of Rs. 104-110 per equity share) for cash, aggregating up to Rs. 32.83-34.56 Crores (Public Offer) comprising of a fresh issue of up to 23,26,000 equity shares aggregating to Rs. 26.52-27.91 Crores (the Fresh Issue) and an offer for sale of up to 5,54,000 equity shares by the selling shareholders, Pawan Singh, Anjali Singh, Trishna Singh, Beena Dosija, Karan Singh, Preneet Kaur, Anil Seth, Archna Dosija, Girrendra Kaur, Veena Uttamsingh, Anil Henrik Ramel Singh and Chaya Cecilia Ramel Homann (Offer for Sale) aggregating to Rs. 6.32-6.65 Crores, (hereinafter refferd as Selling Shareholders) out of which 1,45,200 equity shares of face value of Rs. 10 each, at an offer price of Rs. 114-120 per equity share for cash, aggregating Rs. 1.66-1.74 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 [*] equity shares of face value of Rs. 10 each, at an offer price of Rs. 114-120 per equity share for cash, aggregating up to Rs. [*] Crores is herein afterreferred to as the Net Offer. The public offer and net offer will constitute 26.52 % and 25.19 % respectively of the post- offer paid-up equity share capital of the company.Price Band: Rs. 114/- to Rs. 120/- per equity share of face value of Rs. 10 each.The floor price is 11.40 times the face value of the equity shares and the cap price is 12.00 times of the face value of the equity shares.Bids can made for a minimum of 2,400 equity shares and in multiples of 1,200 equity shares thereafter.

Objective of issue

Funding the capital expenditure towards replacement of plant and machinery for the existing manufacturing facility at Manesar. Funding the capital expenditure towards Backward Integration for setting up in-house gold plating facility. Funding the capital expenditure towards Infrastructural development of building on 3rd Floor at our existing manufacturing facility at Manesar,. General corporate purposes.

HGS India Ltd Contact Details

HGS India Ltd, 301 The Centrium, 3rd Flr 57 LBS, Nav Pada Kurla(W), Mumbai-400 070

Phone - 91 40 6716 2222/18003094001

Fax -

Email - cs@hgsindia.com

Website - www.hgsindia.com