Business Standard

Aarvi Encon Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

21.24 cr

Price Range (₹)

54

Lot Size

2000

Min Investment (₹)

1,08,000.00

Listing Exchange

NSE - SME

Open Date

21-Sept-2017

Close Date

26-Sept-2017

Listing Date

05-Oct-2017

Aarvi Encon Ltd News

    The Shares of Aarvi Encon Ltd have now been listed.

    Aarvi Encon Ltd IPO Details

    Public issue of 39,34,000 equity shares of face value of Rs. 10/- each fully paid up of Aarvi Encon Limited (Aarvi or the Company or the Issuer) for cash at a price of Rs. 54/- per equity share (the Issue Price) (including a share premium of Rs. 44/- per equity share aggregating Rs. 21.24 Crores (the Issue) by the company, of which 1,98,000 equity shares of Rs. 10/- each fully paid up 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. Issue of 37,36,000 equity shares of Rs. 10/- each fully paid up is hereinafter referred to as the net issue. The issue and the net issue will constitute 26.61% and 25.27% 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 issue price is Rs.54. The issue price is 5.40 times the face value.

    Objective of issue

    Working capital requirements. Acquisitions and other strategic initiatives. General corporate purposes.

    Aarvi Encon Ltd Contact Details

    Aarvi Encon Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

    Phone - 91-22-62638200

    Fax - 91-22-63638299

    Email - info@aarviencon.com

    Website - www.aarviencon.com