Merritronix Ltd - IPO

Merritronix Ltd IPO Details

Initial public offer of upto 47,00,000* equity shares of face value of Rs. 10/- each (Equity Shares) of Merritronix Ltd (the Company or Merritronix or Issuer) at an issue price of Rs. 141-149 per equity share (including a share premium of Rs. 131-139 per equity share) for cash, aggregating up to Rs. 66.27-70.03 Crores (Public Issue) out of which upto 2,36,000 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 141-149 per equity share for cash, aggregating Rs. 3.33-3.52 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 upto 44,64,000 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 141-149 per equity share for cash, aggregating upto Rs. 62.94-66.51 Crores is hereinafter referred to as the Net Issue. The public issue and net issue will constitute 26.88% and 25.53% respectively of the post-issue paid-up equity share capital of the company.Price Band: Rs. 141/ - to Rs. 149/- per equity share of face value Rs. 10/- each.The floor price is 14.1 times of the face value and the cap price is 14.9 times of the face value of the equity shares. Bids can be made for a minimum of 2000 equity shares and in multiples of 1000 equity shares thereafter.

Objective of issue

Capital expenditure towards purchase of Machinery and equipment. Funding working capital requirements. Repayment/ prepayment, in full or part, of all or certain outstanding borrowings availed by its Company. General corporate purposes.

Merritronix Ltd Contact Details

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

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - cs@merritronix.com

Website - https:, www.merritronix.com