Wealth Mine Networks Ltd - IPO

Wealth Mine Networks Ltd IPO Details

Initial public offering of 16,24,800 equity shares of face value of Rs. 10/- each (equity shares) of Wealth Mine Networks Limited (Wealth Mine or the company) for cash at a price Rs. [*] per equity share (including a share premium of Rs. [*]/- per equity share) (offer price) aggregating to Rs. [*] crores, the offer comprises fresh offer of up to 13,00,200 equity shares aggregating to Rs. [*] crores (fresh offer) and an offer for sale of up to 3,24,600 equity shares by the selling shareholders aggregating rs [*] crores (the selling shareholder) (the offer for sale, and together with the fresh offer, the offer). Out of which 81,300 equity shares of face value of Rs. 10/- each for a cash price of Rs. [*] /- per equity share, aggregating Rs. [*] crores will be reserved for subscription by market maker (market maker reservation portion). The offer less the market maker reservation portion i.e. the net offer of 15,43,500 equity shares of face value of Rs. 10/- each at an issue price of Rs. [*] /- per equity share aggregating Rs. [*] crores (is hereinafter referred to as the net offer). The issue and the net offer will constitute [*]% and [*]%, respectively of the post issue paid up equity share capital of the company.

Objective of issue

Augmentation of net worth and maintenance of liquid net worth (Capital Adequacy Requirements). General Corporate Purpose.

Wealth Mine Networks Ltd Contact Details

Wealth Mine Networks Ltd, 9 ShivShakti Indl Es, J R Boricha Marg, Lower Parel, Mumbai - 400 011

Phone - 022- 23016761 / 23018261

Fax - 91-22-23012517

Email - info@wealthminenetworks.com

Website - www.wealthminenetworks.com