Oval Projects Engineering Ltd - IPO

Oval Projects Engineering Ltd IPO Details

Initial public offer of up to 54,99,200 equity shares of face value of Rs. 10/- each (Equity Shares) of Oval Projects Engineering Limited (the Company or the Issuer) for cash, at a price of Rs. 85 per equity share (including a share premium of Rs. 75 per equity share) (Issue Price) aggregating upto Rs. 46.74 crores (Issue) out of which 3,04,000 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 85 per equity share for cash, aggregating Rs. 2.58 crores will be reserved for subscription by the market maker to the issue (the Market Maker Reservation Portion). The issue less market maker reservation portion i.e. issue of 51,95,200 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 85 per equity share for cash, aggregating upto Rs. 44.16 crores is herein after referred to as the Net Issue. The issue and net issue will constitute [*]% and [*]%, respectively of the post-issue paid-up equity share capital of the company.

Objective of issue

Utilization towards long-term working capital requirements of the company. General corporate purposes.

Oval Projects Engineering Ltd Contact Details

Oval Projects Engineering Ltd, T-34 2nd Floor, Okhla Industria Area, Phase-II, New Delhi-110020

Phone - 91-011-26387281/82/83

Fax - 91-011-26387384

Email - cs@ovalprojects.com

Website - https:, www.ovalprojects.com