DRS Dilip Roadlines Ltd - IPO

DRS Dilip Roadlines Ltd IPO Details

Public issue of 42,00,000 equity shares of Rs. 10 each (equity shares) of DRS Dilip Roadlines limited (ddrl or the company) for cash at a price of 75 per share (the issue price), aggregating to Rs. 31.50 Crores(the issue), of which 2,25,600 equity shares of Rs. 10 each will be reserved for subscription by market makers to the issue (the market maker reservation portion). The issue less market maker reservation portion i.e. Issue of 39,74,400 equity shares of Rs. 10 each is hereinafter referred to as the net issue. The issue and the net issue will constitute 27.88% and 26.39%, respectively of the post issue paid up equity share capital of the company.The face value of the equity share is Rs. 10 and the issue price is 7.5 times of the face value.

Objective of issue

Repayment of Unsecured Loans. Setting up Additional Warehouse in the State of Telangana. Acquiring Additional Branch for Expansion of Business. Part Repayment of the Cash Credit facilities. Part Repayment of the Team Loans. General Corporate Purposes.

DRS Dilip Roadlines Ltd Contact Details

DRS Dilip Roadlines Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - info@drsindia.in

Website - www.drsindia.in