Abram Food Ltd - IPO

Abram Food Ltd IPO Details

Initial public issue of upto 14,28,000 equity shares of face value of Rs. 10/- each of Abram Food Limited (AFL or the Company or the Issuer) for cash at a price of Rs. 98 per equity share including a share premium of Rs. 88 per equity share (the Issue Price) aggregating to Rs. 13.99 crores (the Issue), of which 72,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 98 per equity share including a share premium of Rs. 88 per equity share aggregating to Rs. 0.71 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The public issue less the market maker reservation portion i.e. net issue of 13,56,000 equity shares of face value of Rs. 10/- each at a issue price of Rs. 98 per equity share including a share premium of Rs. 88 per equity share aggregating to Rs. 13.28 crores is herein after referred to as the Net Issue. The public issue and the net issue will constitute 27.71 % and 26.32 % respectively of the post issue paid up equity share capital of the company. The face value of the equity share is Rs. 10 and the issue price is 9.8 times of the face value.

Objective of issue

Capital expenditure for purchase of machineries. Funding of working capital requirement of the company. General corporate purposes.

Abram Food Ltd Contact Details

Abram Food Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - compliance@abramfood.in

Website - www.abramfood.in, www.kherliwala.com