IC Electricals Company Ltd - IPO

IC Electricals Company Ltd IPO Details

Initial public offering up to 48,39,600 equity shares of face value of Rs. 10/- each (Equity Shares) of IC Electricals Company Limited (ICEL or the Company) for cash at a price of Rs. 99 per equity share (the Issue Price), aggregating to Rs. 47.91 Crores (the Issue). Out of the issue 2,42,400 equity shares aggregating to Rs. 2.40 Crores will be reserved for subscription by market maker (Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. Issue of 45,97,200 equity shares of face value of Rs. 10/- each at an issue price of Rs. 99 per equity share aggregating to Rs. 45.51 Crores is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 26.50% and 25.17%, respectively of the post issue paid up equity share capital of the company.Price Band: Rs. 99/- per equity share of face value Rs. 10/- each.The floor price is 9.9 times the face value of equity shares. Bids can be made for a minimum of 2,400 equity shares and in multiples of 1,200 equity shares thereafter.

Objective of issue

Funding the Working Capital requirement. General corporate purposes.

IC Electricals Company Ltd Contact Details

IC Electricals Company Ltd, D-153/A 1st Flr, Okhla Industrial Are, Phase-I, New Delhi-110020

Phone - 011 - 26812682 / 83

Fax - 011 - 26812682

Email - info@icelectricals.in

Website - www.icelectricals.in