Genesis Colors Ltd - IPO
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Genesis Colors Ltd News
Genesis Colors Ltd IPO Details
Initial public offering of up to (*) equity shares of face value of Rs.10 each (the equity shares) of Genesis Colors Limited (the company or the company or the issuer) for cash at a price of Rs. (*) per equity share (including share premium of Rs. (*) per equity share) (the offer price) aggregating up to (*) crores (The offer comprising a fresh issue of Rs (*) equity shares by the company aggregating up to Rs. 380 crores and an offer for sale of up to 1,916,741 equity shares aggregating up to Rs (*) crores by the selling shareholders including up to 859,219 equity shares aggregating to (*) crores by Hep Mauritius Limited up to 130,006 equity shares aggregating to Rs. (*) crores by Seminary Tie-up Pvt Ltd, up to 556,316 equity shares aggregating up Rs (*) crores by Mayfield FVCI, Ltd, up to 161,065 equity shares aggregating to Rs (*) crores by ICP Holding I, up to 70,047 equity shares aggregating to Rs (*) crores by pranav Ansal & Sons HUF to 70,044 equity shares aggregating up to Rs (*) crores by Kusum Ansal and to 70,044 equity shares aggregating to Rs (*) crores by Ms.Sheetal Ansal (offer Sale). The offer Shall Constitute (*)% of the Post-offer-paid up equity share capital of the company.The Price band and the Minimum Bid Lot will be decided by the company and the institutional selling shareholders, in consultation with the Global Co-ordinators.
Objective of issue
Purchase of shares of GLF one of the subisidiaries. General corporate purposes.
