Seemax Resources Ltd - IPO

Seemax Resources Ltd IPO Details

Initial public issue of upto 14,00,000 equity shares of face value of Rs. 10/- each (Equity Shares) of Seemax Resources Limited (Seemax or the Company or the Issuer) for cash at a price Rs. [*] per equity share (Including a Share Premium of Rs. [*] /- Per Equity Share) (The Issue Price) aggregating upto Rs. [*] Crore, of which [*] equity shares of face value of Rs.10/- each for cash at a price of Rs. [*] per equity share including a share premium of Rs. [*] per equity share aggregating upto Rs. [*] Crore will be reserved for subscription by market maker to the issue (Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. net issue of upto [*] equity shares of face value of Rs. 10/- each at an issue price of Rs. [*] /- per equity share including a share premium of upto Rs. [*] aggregating to Rs. [*] Crore (is hereinafter referred to as the Net Issue). The issue and the net issue will constitute upto [*] % and [*] %, respectively of the post issue paid up equity share capital of the company.The face value of the equity shares is Rs. 10/- each. The price band and the minimum bid lot will be decided by the company.

Objective of issue

Funding Capital Expenditure towards Purchase of Material Handling Equipment. Funding towards Repayment or prepayment, in full or in part, of borrowings availed by the Company from banks and financial institutions. Funding the Long-term working capital requirements of the Company. General Corporate Purpose.

Seemax Resources Ltd Contact Details

Seemax Resources Ltd, Subramanian Building, 1ST Floor No 1, Club House Road, Chennai - 600002

Phone - 91-44-28462700

Fax - 91-44-28460129

Email - info@seemaxresources.com

Website - www.seemaxresources.com