Ujaas Energy Ltd - IPO

Ujaas Energy Ltd IPO Details

Public issue of 50,00,000 equity shares with a face value of Rs. 10 each (Equity Shares) of M and B Switchgears Limited (The Company or The Issuer) for cash at a price of Rs. 186 per equity share (including a share premium of Rs. 176 per equity share) aggregating to Rs. 93.00 crores (The Issue). The issue will constitute 25% of the post-issue paid-up equity share capital of the company.Issue price: Rs. 186 per equity share of face value of Rs. 10/- eachThe issue price is 18.6 times the face value.

Objective of issue

To set up a 4 MWp solar Photovoltaic power plant. To meet general corporate purpose.

Ujaas Energy Ltd Contact Details

Ujaas Energy Ltd, E-2/3 Ansa Indl Est, Saki Vihar Road, Sakinaka Andheri(E), Mumbai - 400072

Phone - 91-22-40430200/28470652

Fax - 91-22-28475207

Email - info@mbswitch.com

Website - www.ujaas.com