Corrtech Energy Ltd - IPO

Corrtech Energy Ltd IPO Details

Initial public offer of upto 60,48,000 equity shares of face value of inr.10 /- each (the Equity Shares) of Corrtech Energy Limited (The Company or CEL or The Issuer) at an issue price of inr [*] per equity share for cash, aggregating up to inr [*] crores (Public Issue) out of which 3,04,000 equity shares of face value of inr 10 each, at an issue price of inr [*] per equity share for cash, aggregating inr [*] crores will be reserved for subscription by the market maker to the issue (the Market Maker Reservation Portion) and upto [*] equity shares of face value of inr 10 each, at an issue price of inr [*] per equity share for cash, aggregating inr [*] crores will be reserved for subscription by eligibles (the employee reservation portion). The public issue less market maker reservation portion and employee reservation portion i.e. issue of [*] equity shares of face value of inr 10 each, at an issue price of inr [*] per equity share for cash, aggregating upto inr [*] crores is herein after referred to as the Net Issue. The public issue and net issue will constitute 26.47% and [*]% respectively of the post-issue paid-up equity share capital of the company.The price band and the minimum bid lot will be decided by the company.

Objective of issue

Funding of capital expenditure towards installation of additional plant and machinery in the existing Gas Turbine & Aero-Engine Components MFG Unit. Funding of capital expenditure towards heavy construction eqipment and machinery for O&G Segment. To meet working capital requirements. General corporate purpses.

Corrtech Energy Ltd Contact Details

Corrtech Energy Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - cs@corrtech.in

Website - www.corrtechenergy.com