Mahendra Realtors & Infrastructure Ltd - IPO

Mahendra Realtors & Infrastructure Ltd IPO Details

Initial public offer of up to 58,17,600 equity shares of face value of Rs. 10/- each (Equity Shares) of the company at an issue price of Rs. 85 per equity share (including a share premium of Rs. 75 per equity share) for cash, aggregating up to Rs. 49.45 crores (Public Issue), comprising a fresh issue of up to 47,26,400 equity shares aggregating to Rs. 40.17/- crores by the company (Fresh Issue) and an offer for sale of up to 10,91,200 equity shares comprising of upto 5,45,600 equity shares by Hemanshu Shah and upto 5,45,600 equity shares by Bhavesh Mahendrakumar Shah (the promoter selling shareholders' or the selling shareholder) aggregating to Rs. 9.28/- crores (offer for sale). out of which 2,91,200 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 2.48 per equity share for cash, aggregating Rs. [*] crores will be reserved for subscription by the market maker to the issue (the market maker reservation portion). The public issue less market maker reservation portion i.e. issue of 55,26,400 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 46.97 per equity share for cash, aggregating upto Rs. [*] crores is hereinafter referred to as the net issue. the public issue and net issue will constitute 26.32% and 25.00% respectively of the post- issue paid-up equity sharecapital of the company.

Objective of issue

Working capital requirement. General corporate purposes.

Mahendra Realtors & Infrastructure Ltd Contact Details

Mahendra Realtors & Infrastructure Ltd, C-101, 247 Park,, LBS. Marg, Vikhroli, West, Mumbai -400083, 400083

Phone -

Fax -

Email - info@mripl.net

Website - https:, www.mripl.net