Vivekanand Cotspin Ltd - IPO

Vivekanand Cotspin Ltd IPO Details

Initial public issue of upto 60,00,000 equity shares of face value of Rs. 10/- each of Vivekanand Cotspin Limited (VCL or The Company) for cash at a price of Rs. 35-37 per equity share (including a share premium of Rs. 25-27 per equity share) (Issue Price) aggregating to Rs. 21-22.2 Crores, of which 3,00,000 equity shares of face value of Rs. 10/- each at a price of Rs. 35-37 aggregating to Rs. 1.05-1.11 Crores will be reserved for subscription by market maker (Market Maker ReservationPortion) and net issue to public of 57,00,000 equity shares of face value of Rs. 10/- each at a price of Rs. 35-37 aggregating to Rs. 19.95-21.09 Crores (hereinafter referred to as the Net Issue). The issue and the net issue will constitute 26.97% and 25.62% respectively of the post issue paid up equity share capital of the company.The face value of the equity shares is Rs.10/- each. Price Band: Rs. 35/- to Rs. 37/- per equity share of face value Rs. 10/- each.The floor price is 3.5 times of the face value of the equity shares and the cap price is 3.70 times of the face value of the equity shares. Bids can be made for a minimum of 6,000 equity shares and in multiples of 3,000 equity shares thereafter.

Objective of issue

Funding capital expenditure requirement towards plant and machinery. To meet Working Capital requirements. General corporate expenses.

Vivekanand Cotspin Ltd Contact Details

Vivekanand Cotspin Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - cs@vcottonexport.com

Website - www.vcottonexport.com