Business Standard

Essel Forex Ltd - IPO

Issue Type

Book Building - SME

Issue Size (₹ Cr.)

- cr

Price Range (₹)

0

Lot Size

-

Min Investment (₹)

-

Listing Exchange

NSE - SME

Open Date

-

Close Date

-

Listing Date

-

Essel Forex Ltd News

    Essel Forex Ltd IPO Details

    Public issue of [*] equity shares of face value of Rs. 10 each of VKC Credit and Forex Services Limited (The Company or The Issuer) for cash at a price of Rs. [*] per equity share (including a share premium of Rs. [*] per equity share)(Issue Price) aggregating upto Rs. [*] crores, consisting of a fresh issue of [*] equity shares by the company aggregating upto Rs. 16.00 crores (Fresh Issue) and an offer for sale of upto 18,00,000 equity shares by VKC Finsoft Solutions private Limited and Dr. Jayam Kannan (Selling Shareholders) aggregating to Rs. [*]crores (Offer for Sale) at the issue price (The offer for sale and fresh issue are together referred to as the Issue) of which [*] equity shares of face value of Rs. 10 each will be reserved for subscription by Market Maker (Market Maker Reservation Portion). The issue less the Market Makers reservation portion i.e. issue of [*] equity shares of face value of Rs. 10 each is hereinafter 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.

    Objective of issue

    Working capital requirements. General Corporate purposes.

    Essel Forex Ltd Contact Details

    Essel Forex Ltd, C-13 Pannalal Silk, Mills Cmpd LBS Marg, Bhandup West, Mumbai - 400 078

    Phone - 91-022-25963838

    Fax - 91-022-25946969

    Email - ipo@vkcforex.com

    Website -