Patel Chem Specialities Ltd - IPO

Patel Chem Specialities Ltd IPO Details

Initial public issue of up to 70,00,000 equity shares of Rs. 10/- each (Eequity Shares) of patel chem specialities limited (Patel Chem or PCSL or the Company) for cash at a price of Rs. 84/- per equity share (the Issue Price), aggregating to Rs. 58.80 crores (the Issue). Out of the issue, 3,53,600 equity shares aggregating to Rs. 2.97 crores will be reserved for subscription by market maker (Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. net issue of 66,46,400 equity shares of face value of Rs. 10/- each at an issue price of Rs. [*]/- per equity share aggregating to Rs. 55.83 crores is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 28.15 % and 26.72 %, respectively of the post issue paid up equity share capital of the company.

Objective of issue

Funding capital expenditure requirement of the company to set up plant at Indrad Mahesana for mfg croscarmellose Sodium (CCS) Sodium Starch Glycolate (SSG) com starch base & potato starch base and calcium carboxymethylcellulose (CMC). General corporate purposes.

Patel Chem Specialities Ltd Contact Details

Patel Chem Specialities Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - cs@patelchem.com

Website - www.patelchem.com