Business Standard

Art Nirman Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

5.01 cr

Price Range (₹)

25

Lot Size

6000

Min Investment (₹)

1,50,000.00

Listing Exchange

NSE - SME

Open Date

30-Sept-2016

Close Date

07-Oct-2016

Listing Date

19-Oct-2016

Art Nirman Ltd News

    The Shares of Art Nirman Ltd have now been listed.

    Art Nirman Ltd IPO Details

    Public issue of 20,04,000 equity shares of face value of Rs.10 each of Art Nirman Ltd (The company or the issuer) for cash at a price of Rs. 25 per equity share (including a share premium of Rs. 15 per equity share) (issue price) aggregating to Rs. 5.01 crores (the issue), of which 1,02,000 equity shares of face value of Rs. 10 each for a cash at a price of Rs. 25 per equity share, aggregating to Rs 0.26 crores will be reserved for subscription by market maker (market maker reservation portion). The issue less the market maker reservation portion i.e. issue of 19,02,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 25 per equity share aggregating to Rs. 4.76 crores (is hereinafter referred to as the net issue). The issue and the net issue will constitute 26.35% and 25.01% respectively of the 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 is Rs. 25 each. The issue price is 2.50 times of the face value.

    Objective of issue

    To meet working capital requirement. General corporate purpose.

    Art Nirman Ltd Contact Details

    Art Nirman Ltd, Unit No 1 Luthra Ind, Andheri Kurla Road, Safed Pool Andheri(E, Mumbai - 400 072

    Phone - 91-22-2851 5606

    Fax - 91-22-2851 2885

    Email - info@artnirman.com

    Website - www.artnirman.com