Action Construction Equipment Ltd - IPO

Action Construction Equipment Ltd IPO Details

Public issue of 46,00,000 Equity shares of Rs.10/- each issued for cash at a price of Rs.130/- per share aggregating Rs.59.80 Crores (hereinafter referred to as the issue) including employee reservation of 1,00,000 equity shares of face value Rs.10/- each at a price of Rs.130 for cash aggregating Rs.1.30 Crores and net issue to the public of 45,00,000 equity shares of face value Rs.10/- each at a price of Rs.130 for cash aggregating Rs.58.50 Crores (hereinafter referred to as the net issue to the public). The net issue to the public would constitute 25.03% of the fully diluted post issue paid-up capital of the companyIssue Price : Rs.130 per Equity Share of Rs. 10/- eachThe issue price is 13 times of the face value

Objective of issue

To Set-up Manu.plant for Loaders,Tower Cranes& Eqp. Expand/Modernize the Existing Capacities/Facilitie. Acquisition / Investments. To set up a Joint Venture. Additional Working Capital requirements. Brand Building Exercise. To Set-up Corporate Office and R&D Centre. Contingencies.

Action Construction Equipment Ltd Contact Details

Action Construction Equipment Ltd, 46,Avenue 4, Street No 1, Banjara Hills, Hyderabad - 500034

Phone - 91-040-23431546/49

Fax - 91-40-23431551

Email - cs@ace-cranes.com

Website - www.ace-cranes.com