K K Silk Mills Ltd - IPO

K K Silk Mills Ltd IPO Details

Initial public issue of up to 75,000,00 equity shares of face value of Rs. 10/- each of K K Silk Mills Limited (KKSML or the Company or the Issuer) for cash at a price of Rs. 38/- per equity share including a share premium of Rs. 28/- per equity share (the Issue Price) aggregating to Rs. 28.50 crores (the Issue), of which 3,75,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 38/- per equity share including a share premium of Rs. 28/- per equity share aggregating to Rs. 1.43 crores 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 71,25,000 equity shares of face value of Rs. 10/- each at a price of Rs. 38/- per equity share including a share premium of Rs.28/- per equity share aggregating toRs. 27.08 crores is herein after referred to as the Net Issue. The issue and the net issue will constitute 33.42% and 31.75%, respectively, of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10/- each.Price Band: Rs. 38/- for equity share of face value of Rs. 10 each.The floor price is 3.8 times times the face value times of the face value of the equity shares.Bids can made for a minimum of 6,000 equity shares and in multiples of 3,000 equity shares thereafter.

Objective of issue

Funding towards capital expenditure for replacement of plant & machineries including installation, mechanical and electrical work. Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by the Company. General Corporate Purposes.

K K Silk Mills Ltd Contact Details

K K Silk Mills Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - cs@kksilkmills.com

Website - www.kksilkmills.com