Momai Art Ltd - IPO

Momai Art Ltd IPO Details

Initial public offering of up to 24,050,000 equity shares of face value of Rs. 10 each (Equity Shares) of the (Company) for cash at a price of Rs. [*] per equity share (including a share premium of Rs. [*] per equity share) (Offer Price) aggregating up to Rs. [*] Crores (Offer). The offer comprises a fresh issue of up to 19,550,000 equity shares of face value of Rs. 10 each by the company aggregating up to Rs. [*] Crores (Fresh Issue) and an offer for sale of up to 4,500,000 equity shares of face value of Rs. 10 each aggregating up to Rs. [] Crores by the promoter selling shareholders (Offer for Sale), comprising an offer for sale of up to 1,500,000 equity shares of face value of Rs. 10 each aggregating up to Rs. [] Crores by Nikhil Tulsidas Vaya, up to 1,500,000 equity shares of face value of Rs. 10 each aggregating up to Rs. [] Crores by Rahul Tulsibhai Vaya and up to 1,500,000 equity shares of face value of Rs. 10 each aggregating up to Rs. [] Crores by Atul Jentilal Patt (collectively refered to as, Promoter Selling Shareholders, and such equity shares, the Offered Shares). The offer shall constitute [*]% of the post-offer paid-up share capital of the company.The face value of the equity shares is Rs.10 each and the offer price is [*] times the face value of the equity shares. The price band and the minimum bid lot will be decided by the company.

Objective of issue

Funding the working capital requirements of the Company. Funding the working capital requirements of our Company.

Momai Art Ltd Contact Details

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

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - cs@momaiart.com

Website - www.momaiart.com