Business Standard

Arvee Laboratories (India) Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

8.91 cr

Price Range (₹)

61

Lot Size

2000

Min Investment (₹)

1,22,000.00

Listing Exchange

NSE - SME

Open Date

09-Feb-2018

Close Date

14-Feb-2018

Listing Date

22-Feb-2018

Arvee Laboratories (India) Ltd News

    The Shares of Arvee Laboratories (India) Ltd have now been listed.

    Arvee Laboratories (India) Ltd IPO Details

    Public issue of 14,60,000 equity shares of face value of Rs. 10/- each fully paid up of Arvee Laboratories (India) Limited (ARVEE or the company or the issuer) for cash at a price of Rs. 61/- per equity share (the issue price) (including a share premium of Rs. 51/- per equity share aggregating Rs. 8.91 crores (the issue) by the company, of which 76,000 equity shares of face value of Rs. 10/-each fully paid up Will be reserved for subscription by market maker to the issue (market maker reservationPortion). The issue less the market maker reservation portion i.e. Issue of 13,84,000 equity shares of face value of Rs. 10/- each fully paid up is hereinafter referred to as the net issue. The issue and The net issue will constitute 26.50% and 25.12% respectively of the post issue paid up equity share capital of the company.The Face value of the equity shares is Rs. 10/- each.The Issue price is Rs. 61/- per equity share. The Issue price is 6.10 times the face value

    Objective of issue

    Re-payment of unsecured loans.

    Arvee Laboratories (India) Ltd Contact Details

    Arvee Laboratories (India) Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

    Phone - 91-22-62638200

    Fax - 91-22-63638299

    Email - shalin.patel@arveelabs.com

    Website - www.arveelabs.com