Eco Fuel Systems (India) Ltd - IPO

Eco Fuel Systems (India) Ltd IPO Details

Initial public offer of upto 60,03,200* equity shares of face value of Rs. 10/- each (Equity Shares) of Eco Fuel Systems (India) Limited (the Company or the Issuer) for cash at a price of Rs. [*] per equity share (the Issue Price), (Including a Premium of Rs. [*] per Equity Share), aggregating upto Rs. [*] crores (the Issue), comprising of fresh issue of up to 60,03,200 equity shares aggregating up to Rs. [*] (the Fresh Issue) (the Issue) and the issue includes a reservation of [*] equity shares of face value of Rs. 10/- each, at an issue price of Rs. [*] per equity share for cash, aggregating to Rs. [*] (the Market Maker Reservation Portion). the issue less market maker reservation portion i.e. issue of [*] equity shares of face value of Rs. 10/- each for cash at a price of Rs. [*] per equity share, aggregating to Rs. [*] crores is here in after referred to as the Net Issue. The issue and the net issue will constitute [*] % 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. * Subject to finalisation of basis of allotment.

Objective of issue

Funding capital expenditure requirements by investment in purchase of vehicles, modification, development & approval cost.. Funding the working capital requirements of the company. Loan to subsidiary company, Ecofuel Cylinders Pvt Ltd to meet its working capital requirement. General corporate purposes.

Eco Fuel Systems (India) Ltd Contact Details

Eco Fuel Systems (India) Ltd, D-153/A 1st Flr, Okhla Industrial Are, Phase-I, New Delhi-110020

Phone - 011 - 26812682 / 83

Fax - 011 - 26812682

Email - ipo@ecofuelsystemindia.com

Website - www.ecofuel.in