AFLOAT Enterprises Ltd - IPO

AFLOAT Enterprises Ltd IPO Details

Public issue of 18,20,000 equity shares of face value of Rs. 10 each (equity shares) of Adishakti Loha and Ispat Limited (The company) for cash at a price of Rs. 11 per equity share (including a share premium of Re. 1 per equity share) (The issue price), aggregating to Rs. 2.00 crores (The issue), of which 1,00,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 11 per equity share, aggregating to Rs. 0.11 crores will be reserved for subscription by the market maker to the issue (The market maker reservation portion). The issue less market maker reservation portion i.e. Issue of 17,20,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 11 per equity share, aggregating to Rs. 1.89 crores is hereinafter referred to as the net issue. The issue and the net issue will constitute 39.93% and 37.74% respectively of the fully diluted post issue paid up equity share capital of the company.The Face value of the equity shares is Rs. 10 each and the issue price of Rs. 11 is 1.10 times of the face value of the equity shares.

Objective of issue

To meet the incremental working capital requirements. General corporate purpose.

AFLOAT Enterprises Ltd Contact Details

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

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - info@adishaktiloha.com

Website - http://www.adishaktiloha.com