Hanman Fit Ltd - IPO

Hanman Fit Ltd IPO Details

Public issue of 24,00,000 equity shares of face value of Rs. 10 each (equity shares) of Powerhouse Fitness and Realty Limited (the company or the issuer) for cash at a price of Rs. 30 per equity share, including a share premium of Rs. 20 per equity share (the issue price), aggregating Rs. 7.20 crores (the issue), of which 1,28,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 30 per equity share, aggregating Rs. 0.38 crores will be reserved for subscription by the market makers to the issue (the market maker reservation portion). The issue less market maker reservation portion i.e. Issue of 22,72,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 30 per equity share, aggregating Rs. 6.82 crores is hereinafter refered to as the net issue. The issue and the net issue will constitute 34.78% and 32.93% respectively of the fully diluted post issue paid up equity share capital of the company.The face value of the equity share is Rs. 10 each and the issue price of Rs. 30 is 3 times of the face value.

Objective of issue

Setting up of six additional Gyms in Mumbai. General Corporate purposes.

Hanman Fit Ltd Contact Details

Hanman Fit Ltd, E-2/3 Ansa Indl Est, Saki Vihar Road, Sakinaka Andheri(E), Mumbai - 400072

Phone - 91-22-40430200/28470652

Fax - 91-22-28475207

Email - hanmancs27@gmail.com

Website -