Astonea Labs Ltd - IPO

Astonea Labs Ltd IPO Details

Public issue of upto 27,90,000 equity shares of face value of Rs. 10/- each (Equity Shares) of Astonea Labs Limited (Astonea or the Company or the Issuer) for cash at a price of Rs. 135/- per equity share including a share premium of Rs. 125/- per equity share (the Issue Price) aggregating to Rs. 37.67 crores (the Issue), of which 1,44,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 135/- per equity share including a share premium of Rs. 125/- per equity share aggregating to Rs. 1.94 crores 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. net issue of 26,46,000 equity shares of face value of Rs. 10/- each at a price of Rs. 135/- per equity share including a share premium of Rs. 125/- per equity share aggregating to Rs. 35.72 crores is herein after referred to as the Net Issue. The issue and the net issue will constitute 26.54 % and 25.17% respectively of the post issue paid up equity share capital of the company.

Objective of issue

Funding of exp proposed to be incurred towards registration in. Purchase and installation of plant and machinery for ointment production for the purpose of export in accordance with the international standards and protocols on the 2nd of the existing premises. Advertising marketing and brand building. Investment in procuring hardware and software. Funding working capital requiremnts. General corporate purposes.

Astonea Labs Ltd Contact Details

Astonea Labs Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - cs@astonea.org

Website - https:, www.astonea.org