Chiripal Industries Ltd - IPO

Chiripal Industries Ltd IPO Details

Public Issue of 14,216,700 Equity Shares of Rs.10/- each for Cash at a Price of Rs.[*] per Equity Share Aggregating Rs.[*] Crores (the Issue) by Chiripal Industries Limited (our Company or the Issuer). The Issue Comprises a net Issue to Public of 1,21,00,000 Equity Shares at Rs.[*] each (the net issue), Promoters' Contribution of 1,916,700 Shares at Rs. [*] each and a Reservation of upto 200,000 Shares at Rs.[*] each for Eligible Employees of our Company (the Employee Reservation Portion). The net Issue will Constitute 34.57% of the Fully Diluted Post Issue Paid-Up Capital of our Company. The Issue would Constitute 40.62% of the Fully Diluted Post Issue Paid-Up Capital of our Company.Price Band: Rs.[*]/- to Rs.[*]/- per Equity Share of Face Value Rs.10/- eachThe Issue Price is [*] times of the Face Value at the floor Price of the Price Band and [*] times of the Face Value at the Cap Price of the Price Band.

Objective of issue

Expn-cum-Modern. of Existing Manufac. Facilities. Acquiring Eq. Stake in Vraj Integr. Text. Park Ltd. Investment in subs. Chiripal Lifestyle Ltd. General Corporate Purposes.

Chiripal Industries Ltd Contact Details

Chiripal Industries Ltd, Karvy House 46, Road No 4 Street No1, Banjara Hills, Hyderabad - 500034

Phone - 91-40-23312454/23320251

Fax - 91-040-23311968

Email - csdepartment@chiripalgroup.com

Website - www.chiripalgroup.com