Mehul Colours Ltd - IPO

Mehul Colours Ltd IPO Details

Initial public offer of upto 30,08,000 equity shares of face value of Rs. 10/- each (the Equity Shares) of Mehul Colthes Limited (the Company or MCL or the Issuer) at an issue price of Rs. 72 per equity share for cash, aggregating up to Rs. 21.66 crores (Public Issue) out of which 1,52,000 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 72 per equity share for cash, aggregating Rs. 1.09 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 28,56,000 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 54 per equity share for cash, aggregating upto Rs. 20.57 crores is herein after referred to as the Net Issue. The public issue and net issue will constitute 28.51 % and 27.07 % respectively of the post-issue paid-up equity share capital of the company.

Objective of issue

Funding of capital expenditure towards setup of a new manufacturing facility. Funding of working capital requirements. General corporate purpose.

Mehul Colours Ltd Contact Details

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

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - info@mehulcolours.com

Website - https:, www.mehulcolours.com