HNO Furnishing Ltd - IPO

HNO Furnishing Ltd IPO Details

Public issue of 21,60,000 equity shares of face value of Rs. 10/- each fully paid up of HNO or The Company or The Issuer for cash at a price of Rs. [*] per equity share (The Issue Price) (including share premium of Rs.[*] per equity share) aggregating Rs. [*] crores (The Issue) by the company of which 1,08,000 equity shares of face value of Rs. 10/- each fully paid up will be reserved for subscription by market maker to the issue (market maker reservation portion). The issue less the market maker reservation portion i.e. Issues of 20,52,000 equity shares of face value of Rs.10/- each fully paid up is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 43.03% and 40.88% respectively of the post issue paid up equity share capital of the company.The Face value of the equity shares is Rs. 10 each. The Issue price is Rs. [*]. The Issue price is [*] times the face value.

Objective of issue

Establishment of Large Display Centre. Meeting working capital requirement. Setting up procurement and furniture producing subsidiary in Gabon in Africa. General corporate purposes.

HNO Furnishing Ltd Contact Details

HNO Furnishing Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - info@hnofurnishing.com

Website - www.hnofurnishing.com