Hemani Industries Ltd - IPO

Hemani Industries Ltd IPO Details

Initial public offer of up to [*] equity shares of face value of Rs. 5 each (Equity Shares) of Hemani Industries 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) (Offer Price) aggregating up to Rs. 2000.00 crores (the Offer) comprising a fresh issue of up to [*] equity shares aggregating up to Rs. 500.00 crores by the company (the Fresh Issue) and an offer for sale of up to [*] equity shares aggregating up to Rs. 500.00 crores by Jayesh Mohan Dama, up to [*] equity shares aggregating up to Rs. 500.00 crores by Mohan Sunderji Dama and up to [*] equity shares aggregating up to Rs. 500.00 crores by Minal Mohan Dama ( together, the Promoter Selling Shareholders and such equity shares offered by the promoter selling shareholders, the Offered Shares) aggregating up to Rs. 1500.00 crores (the Offer for Sale). The company may consider a private placement of up to [*] equity shares for cash consideration aggregating up to Rs. 100.00 crores at its discretion, (pre-ipo placement). If the pre-ipo placement is undertaken, the amount raised from the pre-ipo placement will be reduced from the fresh issue, subject to the offer complying with rule 19(2)(b) of the scrr. The face value of equity shares is Rs. 5 each. The offer price is [*] times the face value of the equity shares. The price band and the minimum bid lot will be decided by the company.

Objective of issue

Funding the capital expenditure requirement for the capacity expansion at Saykha Industrial Estate. Repayment/prepayment of certain borrowings of the company. Investment in the wholly owned subsidiary, HCCPL, for the repayment/prepayment of certain borrowings of HCCPL. Funding the long term working capital requirement of the company. General corporate purposes.

Hemani Industries Ltd Contact Details

Hemani Industries Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - cs@hemanigroup.com

Website - www.hemanigroup.com