Defrail Technologies Ltd - IPO

Defrail Technologies Ltd IPO Details

Initial public offering up to 18,60,800 equity shares of Rs. 10/- each (Equity Shares) of Defrail Technologies Limited (DTL or the Company or the Issuer) for cash at a price of Rs.74 per equity share including a share premium of Rs.64 per equity share (the issue price) aggregating to Rs.13.77 crores (the Issue). The issue includes a reservation of up to 94,400 equity shares aggregating to Rs. 0.70 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. net issue of up to 17,66,400 equity shares aggregating to Rs.13.07 crores (the Net Issue). The public issue and net issue will constitute 26.49% and 25.15% respectively of the post-issue paid-up equity share capital of the company.Price Band: Rs. 70/-to Rs. 74/- per equity share of face value of Rs. 10/- each.The floor price is 7.0 times the face value and cap price is 7.4 times the face value of the equity shares.Bids can be made for a minimum of 3,200 equity shares and in multiples of 1,600 equity shares thereafter.

Objective of issue

Capital Expenditure- Purchase of equipment/machineries. Capital Expenditure- Purchase and installation of Solar Panel at our Manufacturing Plants. General corporate purposes.

Defrail Technologies Ltd Contact Details

Defrail Technologies Ltd, 451 Krishna Apra Bus, Netaji Subhash Place, Pitampura, New Delhi-110034

Phone - 011-45121795

Fax - 01145121795

Email - cs@defrailtech.com

Website - www.defrailtech.in