Business Standard

Creative Newtech Ltd - IPO

Issue Type

Book Building - SME

Issue Size (₹ Cr.)

13.50 cr

Price Range (₹)

75

Lot Size

1600

Min Investment (₹)

1,20,000.00

Listing Exchange

NSE - SME

Open Date

29-Mar-2017

Close Date

03-Apr-2017

Listing Date

12-Apr-2017

Creative Newtech Ltd News

    The Shares of Creative Newtech Ltd have now been listed.

    Creative Newtech Ltd IPO Details

    Initial public offer consisting of fresh issue of 18,00,000 equity shares of face value of Rs. 10/- each fully paid for cash at a price of Rs. 75 per equity share (The Issue Price)(including a share premium of Rs. 65 per equity share) aggregating up to Rs. 13.50 crores (The Issue), of which 94,400 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 75/- per equity share aggregating Rs. 0.71 crores will be reserved for subscription by the market maker to the issue (The market maker reservation portion). The issue less market maker reservation portion i.e. issue of 17,05,600 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 75/- per equity share, aggregating Rs. 12.79 crores is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 31.03% and 29.41% respectively of the fully diluted post issue paid up equity share capital of the company.The face value of equity shraes is Rs.10 each.The issue price is Rs. 75/- and is 7.5 times the face value of the equity shares.

    Objective of issue

    Working capital requirements. General corporate purpose.

    Creative Newtech Ltd Contact Details

    Creative Newtech Ltd, E-2/3 Ansa Indl Est, Saki Vihar Road, Sakinaka Andheri(E), Mumbai - 400072

    Phone - 91-22-40430200/28470652

    Fax - 91-22-28475207

    Email - cs@ecreativeindia.com/info@ecreativeindia.com

    Website - www.creativenewtech.com