Annu Projects Ltd - IPO

Annu Projects Ltd IPO Details

Initial public offer of up to 17,683,000 equity shares of face value of Rs. 10/- each (Equity Shares) of Annu Projects Limited (the Company or the Company or the Issuer) for cash at a price of Rs. 94-99 per equity share (including a premium of Rs. 84-89 per equity share) (the Issue Price) aggregating up to Rs. 166.22-175.06 Crores (the Issue or Fresh Issue).The company, in consultation with the brlm, may consider a pre-ipo placement, prior to filing of the pre-ipo placement, if undertaken, will be at a price to be decided by the company, in consultation with the brlm. If the pre-ipo placement is completed, the amount raised pursuant to the pre-ipo placement will be reduced from the issue, subject to compliance with Rule 19(2)(b) of the scrr. The pre-ipo placement, if undertaken, shall not exceed 20% of the size of the issue. Prior to the completion of the issue and the allotment pursuant to the pre-ipo placement, the company shall appropriately intimate the subscribers to the pre-ipo placement, that there is no guarantee that the company may proceed with the issue or the issue may be successful and will result into listing of the equity shares on the stock exchanges. Further, relevant disclosures in relation to such intimation to the subscribers to the pre-ipo placement (If Undertaken).Price Band: Rs. 94/- to Rs. 99/- per equity share of face value of Rs. 10/- each.The floor price is 9.4 times the face value of the equity shares and the cap price is 9.9 times the face value of the equity shares. respectively. Bids can be made for a minimum of 151 equity shares and in multiples of 151 equity shares thereafter.

Objective of issue

Funding capital expenditure requirements of the Company for purchase of machinery or equipment. Funding working capital requirements of the Company. General corporate purposes.

Annu Projects Ltd Contact Details

Annu Projects Ltd, 301 The Centrium, 3rd Flr 57 LBS, Nav Pada Kurla(W), Mumbai-400 070

Phone - 91 40 6716 2222/18003094001

Fax -

Email - cs@annuprojects.com

Website - www.annuprojects.com