Corrtech International Ltd - IPO

Corrtech International Ltd IPO Details

Initial public offering of up to [*] equity shares of face value of Rs. 10 each (Equity Shares) of Corrtech International Limited (The Company or the Issuer) for cash at a price of Rs. [*] per equity share (including a premium of Rs. [*] per equity share) (the Offer Price) aggregating up to Rs. [*] crores (the Offer). The offer comprises of a fresh issue of up to [*] equity shares aggregating up to Rs.350.00 crores (the Fresh Issue) and an offer for sale of up to 4,000,000 equity shares aggregating up to Rs. [*] crores, consisting of up to 800,000 equity shares aggregating up to Rs. [*] crores by Amit Indrasen Mittal (hereinafter referred to as Promoter Selling Shareholder), up to 1,200,000 equity shares aggregating up to Rs. [*] crores by Amit Indrasen Mittal jointly with Kavita Amitbhai Mittal and up to 2,000,000 equity shares aggregating up to Rs. [*] crores by Sandeep Indrasen Mittal jointly with Harini Sandip Mittal (hereinafter together referred to as Promoter Group Selling Shareholders and collectively with promoter selling shareholder referred to as the Selling Shareholders and each individually as a Selling Shareholder), aggregating up to Rs. [*] crores (the Offer for Sale and together with the fresh issue, the Offer). The offer will constitute [*] % of the post-offer paid-up equity share capital. The price band and the minimum bid lot will be decided by the company.

Objective of issue

Redemption of debentures. Repayment or pre-payment, in full or in part of certain borrowings availed by the company. Financing the capital expenditure for purchase of new equipment. Infusion of equity into subsidiary company. Funding incremental working capital requirements of the company. General corporate purposes.

Corrtech International Ltd Contact Details

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

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - compliance@corrtech.in

Website - www.corrtech.in