Aakaar Medical Technologies Ltd - IPO

Aakaar Medical Technologies Ltd IPO Details

Initial public offer of up to 37,50,400 equity shares of face value Rs. 10/- each (the Equity Shares) of Aakaar Medical Technologies Limited' (the Company or the issuer) for cash at a price of Rs. 72 per equity share (including securities premium of Rs. 62 per equity share) (Issue Price), aggregating up to Rs. 27 crores (the Issue) of which 1,88,800 equity shares aggregating to Rs. 1.36 crores (Constituting up to 1.33 % of the post-issue paid-up equity share capital of the Company) will be reserved for subscription by market maker (Market Maker Reservation Portion). The issue less the market maker reservation portion is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 26.46% and 25.13 % respectively of the post-issue paid-up equity share capital of the company.

Objective of issue

Funding working capital requirements of the company. General corporate purposes.

Aakaar Medical Technologies Ltd Contact Details

Aakaar Medical Technologies Ltd, Office No S6-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - companysecretary@aakaarmedical.in

Website - www.aakaarmedical.in