ABG Shipyard Ltd - IPO

ABG Shipyard Ltd IPO Details

Public Issue of up to 8,500,000 Equity Shares of Rs. 10 each for cash at a price of Rs. 185 per Equity Share aggregating to Rs. 157.25 crores by ABG Shipyard Ltd (The company or Issuer). The fresh Issue referred to herein as the Issue includes a reservation of 200,000 equity shares for subscription by employees of ABG Shipyard Ltd (The Employee Reservation Portion) and net issue to the Public of 8,300,000 Equity Shares of the face value of Rs. 10 each at the price of Rs. 185 for cash aggregating Rs. 153.55 crores(herewith referred to as Net Issue).The net issue would constitute 16.30 % of the fully diluted post issue paid up capital of the company. The face value of the share is Rs. 10 and the issue price is 18.5 times the face value.

Objective of issue

Setting up a New Shipyard. Incremental Working Capital Margin for business.

ABG Shipyard Ltd Contact Details

ABG Shipyard Ltd, Bldg No C-13 1st Flr, K Maganlal Indl Estt, L B S Marg Bhandup-W, Mumbai - 400 078

Phone - 91-22-25663838

Fax - 91-22-25946969

Email - shipyard@abgindia.com

Website - www.abgindia.com