Powertronix Engineering Ltd - IPO

Powertronix Engineering Ltd IPO Details

Initial public offer of upto 41,00,000 equity shares of face value of Rs.10/- each (the equity shares) of Powertronix Engineering Limited (the company or Powertronix or the issuer) at an offer price of Rs. [*]/- per equity share for cash, aggregating Rs.[*] crores comprising of fresh offer of upto 35,50,000 equity shares aggregating to Rs.[*] crores (fresh offer) and an offer for sale of upto 5,50,000 equity shares by promoters (selling shareholders) aggregating to Rs.[*] crores (offer for sale) (public offer). The offer includes a reservation of [*] equity shares of face value of Rs.10/- each, at an offer price of Rs.[*]/- per equity share for cash, aggregating Rs.[*] crores will be reserved for subscription by the market maker to the offer (the market maker reservation portion). The public offer less market maker reservation portion i.e. net offer of [*] equity shares of face value of Rs.10/- each, at an offer price of Rs.[*]/- per equity share for cash, aggregating upto Rs.[*] crores is herein after referred to as the net offer. The public offer and net offer will constitute [*]% and [*]%, respectively of the post-offer paid-up equity share capital of the company. The face value of the equity shares in 10/- each and the offer price is [*] times of the face value.

Objective of issue

Funding of Working Capital requirements of the Company.. General Corporate Purpose.

Powertronix Engineering Ltd Contact Details

Powertronix Engineering Ltd, D-153/A 1st Flr, Okhla Industrial Are, Phase-I, New Delhi-110020

Phone - 011 - 26812682 / 83

Fax - 011 - 26812682

Email - info@powertronix.co.in

Website - www.powertronix.co.in