Marushika Technology Ltd - IPO

Marushika Technology Ltd IPO Details

Initial public offering up to 23,05,200 equity shares of Rs. 10/- each (equity shares) of Marushika Technology Limited (MTL or the company or the issuer) for cash at a price of Rs. 117/- per equity share including a share premium of Rs. 107 per equity share (the issue price) aggregating to Rs. 26 97 crores (the issue). The issue includes a reservation of upto 1,16,400 equity shares aggregating to Rs. 1.36 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 upto 21,88,800 equity shares aggregating to Rs. 25.61 crores (the net issue). The public issue and net issue will constitute 27.00% and 25.64% respectively of the post-issue paid-up equity share capital of our company.Price Band: Rs. 111/- to Rs. 117/- per equity share of face value of Rs. 10/- each.The floor price is 11.1 times the face value and cap price is 11.7 times the face value of the equity shares. Bids can be made for a minimum of 2,400 equity shares and in multiples of 1,200 equity shares thereafter.

Objective of issue

Repayment and/ or pre-payment, in part or full, of certain borrowings availed by the Company. Funding the Working Capital requirement. General Corporate Purposes.

Marushika Technology Ltd Contact Details

Marushika Technology Ltd, D-153/A 1st Flr, Okhla Industrial Are, Phase-I, New Delhi-110020

Phone - 011 - 26812682 / 83

Fax - 011 - 26812682

Email - info@marushika.in

Website - www.marushika.in