Greenearth Resources & Projects Ltd - IPO

Greenearth Resources & Projects Ltd IPO Details

Initial public offering of 72,60,000 equity shares of Rs. 10/- each at a price of Rs. 196 per share for cash (including Share Premium of Rs. 186 per share) aggregating to Rs. 142.30 Crores (hereinafter referred to as the issue) Additionally there is a Green Shoe Option of upto 10,89,000 equity shares to be offered for cash at a price of Rs. 196 each aggregating Rs. 21.34 Crores. The issue shall constitute 27.72% of the fully diluted post issue capital of our company, assuming the green shoe option is exercised and shall constitute 25% of the fully diluted post issue capital of our company, assuming the green shoe option is not exercised.Issue Price: Rs.196/- per equity share of face value Rs.10/- each.The issue price is 19.6 times of the face value

Objective of issue

To Establish 8 MW Captive Power Plant. To Setting up of 1,50,000 MTPA of Low Ash Metal.Co. To Acquire Coal Mines in India/Internationally. Prepayment of High Cost Debts. General Corporate Purpose.

Greenearth Resources & Projects Ltd Contact Details

Greenearth Resources & Projects Ltd, C-13 Pannalal Silk, Mills Cmpd LBS Marg, Bhandup West, Mumbai - 400 078

Phone - 91-022-25963838

Fax - 91-022-25946969

Email - contact@greenearthltd.in

Website -