HRS Aluglaze Ltd - IPO

HRS Aluglaze Ltd IPO Details

Initial public offer of up to 53,04,000 equity shares of face value of Rs. 10/- each (Equity Shares) of HRS Aluglaze Limited (HRS Of TheCompany) at an issue price of Rs. 96 per equity share (Including A Share Premium Of Rs. 86 Per Equity Share) for cash, aggregating up to Rs. 50.92 crores (Public Issue) out of which 2,74,800 equity shares of face value of Rs. 10/- each,at an issue price of Rs. 96 per equity share for cash, aggregating Rs. 2.64 crores will be reserved for subscription by the market maker to the issue (The Market Maker Reservation Portion). The public issue less market maker reservation portion i.e. issue of 50,29,200 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 96 per equity share for cash, aggregating up to Rs. 48.28 crores is hereinafter referred to as the net issue. The public issue and net issue will constitute 27.51 % and 26.08 % respectively of the 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 is Rs. 96/-Anchor investor issue price Rs: Rs.96/- per equity shareThe issue price is 9.6 times of the face value of the equity share.

Objective of issue

Funding capital expenditure to set up assembly & glass glazing line at Rajoda. Funding of working capital requirements of the Company. General corporate purposes.

HRS Aluglaze Ltd Contact Details

HRS Aluglaze Ltd, 9 ShivShakti Indl Es, J R Boricha Marg, Lower Parel, Mumbai - 400 011

Phone - 022- 23016761 / 23018261

Fax - 91-22-23012517

Email - info@hrsaluglaze.com

Website - www.hrsaluglaze.com