Arrowhead Seperation Engineering Ltd - IPO

Arrowhead Seperation Engineering Ltd IPO Details

Initial public offer of 5,58,000 equity shares of Rs. 10 each (Equity Shares) of Arrowhead Seperation Engineering Limited (ASEL or the Company) for cash at a price of Rs. 233 per share (the Issue Price), aggregating to Rs. 13.00 crores (The Issue), of which 30,000 equity shares of Rs. 10 each will be reserved for subscription by aggregating market maker to the issue (the Market Maker Reservation Portion). The issue less than the market maker reservation portion i.e. issue of 5,28,000 equity shares of Rs. 10 each is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 29.82% and 28.22% 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 23.3 times of the face value.

Objective of issue

Repayment of Loan from NBFC's. Funding working capital requirements. General corporate purposes.

Arrowhead Seperation Engineering Ltd Contact Details

Arrowhead Seperation Engineering Ltd, Subramanian Building, 1ST Floor No 1, Club House Road, Chennai - 600002

Phone - 91-44-28462700

Fax - 91-44-28460129

Email - info@arrowhead-dryers.co.in

Website - www.arrowhead-dryers.com