Matangi Rubber Ltd - IPO

Matangi Rubber Ltd IPO Details

Initial public issue of upto 37,09,600 equity shares of face value of Rs. 10/- each (equity shares) of Matangi Rubber Limited (company or issuer) for cash at a price of Rs. [*] per equity share (including a share premium of Rs. [*] per equity share), aggregating to Rs. [*] crores (the issue). This issue includes a reservation of up to [*] equity shares of face value of Rs. 10/- each aggregating to Rs. [*] crores (constituting up to [*]% of the issue paid up equity share capital of the company) for subscription by the market maker (market maker reservation portion). The issue less market maker reservation portion is hereinafter referred to as the net issue. The issue and the net issue will constitute 26.50% and [*]% respectively of the fully diluted post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10/- each. The price band and the minimum bid lot will be decided by the company.

Objective of issue

Repayment/ pre-payment in full or in part, of certain outstanding loans availed by the Company. Funding Capital Expenditure requirements for setting up green field manufacturing facility for Rubber Recycling Products (Bhind, Madhya Pradesh). Funding Capital Expenditure requirements for setting up green field manufacturing facility for production of Solid Tyres (Bhind, Madhya Pradesh). General Corporate Purposes.

Matangi Rubber Ltd Contact Details

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

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - cs@matangirubber.com

Website - www.matangirubber.com