API Holdings Ltd - IPO

API Holdings Ltd IPO Details

Initial public offer of up to [*] equity shares of face value of Rs. 1 each (Equity Shares) of API Holdings Limited (The Company or the Issuer) for cash at a price of Rs. [*] per equity share (including a premium of Rs. [*] per equity share) (Issue Price), aggregating to Rs. 6250.00 crores (the Issue). The issue shall constitute [*]% of the post-issue paid-up equity share capital of the company. The company may, in consultation with the brlms, consider a further issue of equity shares by way of a private placement of equity shares for cash consideration aggregating to Rs. 1250.00 crores, at its discretion, with the registrar of companies (pre-ipo placement). If the pre-ipo placement is completed, the amount raised pursuant to the pre-ipo placement will be reduced from the issue size, subject to a minimum issue size constituting at least 10% of the post-issue paid-up equity share capital of the company.The face value of the equity shares is Rs. 1/- each.The price band and the minimum bid lot shall be decided by the company.

Objective of issue

Prepaymnet or repayment of all or a portion outstanding borrowings availed by the company and certain of the subsidiary. Funding organic growth initiatives. Pursuing inorganic growth through acquisitions and other strategic initiatives. General corporate purposes.

API Holdings Ltd Contact Details

API Holdings Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - corporatesecretarial@apiholdings.in

Website - www.apiholdings.in