Ashapura Intimates Fashion Ltd - IPO

Ashapura Intimates Fashion Ltd IPO Details

Public issue of 52,50,000 equity shares of Rs. 10 each of Ashapura Intimates Fashion Limited (The Company or The Issuer) for cash at a price of Rs. 40 per equity share (including a securities premium of Rs. 30 per equity share) aggregating to Rs. 21.00 crores (The Issue), of which, 2,64,000 equity shares of Rs. 10 each will be reserved for subscription by Market Maker to the issue (The Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. issue of 49,86,000 equity share of Rs. 10 each is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 26.97% and 25.61% respectively of the post issued paid up equity share capital of the company. This being a fixed price issue, as per Sub-Regulation (4) of Regulation 43 of the SEBI (ICDR) Regulation, 2009 as amended from time to time (SEBI(ICDR) Regulations), out of the net issue of 49,86,000 equity shares, minimum 50% of the net issue being 24,93,000 shall be available for allotment to retail individual investors and the remaining 50% to other applicants irrespective of the number of equity shares applied for. If the retail individual investor category is entitled to more than 50% on proportionate basis, They shall be allotted that higher percentage. The minimum application size is Rs. 1,20,000.The face value of equity share is Rs. 10. The issue price is Rs. 40.The issue price is 4 times of the face value.

Objective of issue

To set up 10 (ten) EBOs. To fund branding and marketing set-up. Investment in the equity share of Group company. To fund modernization of machineries. To meet incremental working capital requirements. For general corporate purposes.

Ashapura Intimates Fashion Ltd Contact Details

Ashapura Intimates Fashion Ltd, C-13 Pannalal Silk, Mills Cmpd LBS Marg, Bhandup West, Mumbai - 400 078

Phone - 91-022-25963838

Fax - 91-022-25946969

Email - cs@ashapuraintimates.com

Website - www.ashapuraintimatesfashion.in