Coral Hub Ltd - IPO

Coral Hub Ltd IPO Details

Public Issue of 27,90,000 Equity Shares of Rs.10/- Each (Equity Shares) of Vishal Information Technologies Limited (the Company or the Issuer) for Cash at a Price of Rs.150/- per Equity Share (including Share Premium of Rs.140/- per Equity Share),aggregating to Rs.41.85 Crores Consisting of a Fresh Issue of 17,90,000 Equity Shares (Fresh Issue) and an Offer for Sale of 10,00,000 Equity Shares by Mr.Rohit Mehta, M/s.Balaji Universal Tradelink Pvt Ltd., M/s.The Metal Rolling Works Ltd., Ms.Anju Saraf, Ms.Jyoti Doshi and Mr.Bharat Doshi (the Selling Shareholders). The Issue Will Constitute 26.12% of the Fully Diluted Equity Share Capital of our Company.Issue Price is Rs.150/- per Equity Share of Face Value Rs.10/- eachThe Issue Price is 15 Times of the Face Value

Objective of issue

Facilities Expansion. Setting up of Quality Assurance Center& Mkt.Office. Setting up a Subsidiaries in UK & USA. General Corporate Purposes.

Coral Hub Ltd Contact Details

Coral Hub Ltd, C-13 Pannalal Silk, Mills Cmpd LBS Marg, Bhandup West, Mumbai - 400 078

Phone - 91-022-25963838

Fax - 91-022-25946969

Email - investors@coralhublimited.com

Website - www.coralhub.com