Business Standard

Frog Cellsat Ltd - IPO

Issue Type

Book Building - SME

Issue Size (₹ Cr.)

41.57 cr

Price Range (₹)

102

Lot Size

1200

Min Investment (₹)

1,22,400.00

Listing Exchange

NSE - SME

Open Date

29-Sept-2022

Close Date

04-Oct-2022

Listing Date

13-Oct-2022

Frog Cellsat Ltd News

    The Shares of Frog Cellsat Ltd have now been listed.

    Frog Cellsat Ltd IPO Details

    Initial public offering of 40,75,200 equity shares of face value of Rs. 10.00 each (Equity Shares) of the company for cash at a price of Rs. 102 per equity share (including a share premium of Rs. 92 per equity share) (Offer Price) aggregating up to Rs. 41.57 crores (Offer). This offer includes a reservation of 2,04,000 equity shares aggregating up to Rs. 2.08 crores for subscription by market maker (Market Maker Reservation Portion). The offer less the market maker reservation portion is hereinafter referred to as the Net Offer. The offer and the net offer shall constitute 26.51% and 25.18%, respectively, of the post-offer paid-up equity share capital of the company, respectively. Issue Price: Rs. 102 per equity share of face value of Rs. 10 each.The floor price is 10.2 times of the face value of the equity shares.Bids can be made for a minimum of 1200 equity shares and in multiples of 1200 equity shares thereafter.

    Objective of issue

    Part finance the expansion project. General corporate purposes.

    Frog Cellsat Ltd Contact Details

    Frog Cellsat Ltd, D-153/A 1st Flr, Okhla Industrial Are, Phase-I, New Delhi-110020

    Phone - 91-11-26812682

    Fax - 91-11-30857562

    Email - cs@frogcellsat.com

    Website - www.frogcellsat.com