Ideal Systems Ltd - IPO

Ideal Systems Ltd IPO Details

Public issue of 76,26,000 equity shares of face value of Rs.10 each of Ideal Systems Limited (the company or the issuer) for cash at a price of Rs. 20 per equity share including a share premium of Rs. 10 per equity share (the issue price) aggregating to Rs. 15.25 Crores/- (the issue), of which 3,84,000 equity shares of face value of Rs.10 each for cash at a price of Rs.20 per equity share including a share premium of Rs. 10 per equity share aggregating to Rs. 0.77 Crores will be reserved for subscription by market maker to the issue (the market maker reservation portion). The issue less the market maker reservation portion i.e. Net issue of 72,42,000 equity shares of face value of Rs. 10/- each at a price of Rs. 20 per equity share aggregating to Rs. 14.48 Crores is hereinafter referred to as the net issue. The issue and the net issue will constitute 34.99 % and 33.23% respectively of the post issue paid up equity share capital of the company.The face value of the equity shares is Rs. 10 each and the issue price is 2 times of the face value.

Objective of issue

To Meet the Working Capital Requirement. General Corporate Purposes.

Ideal Systems Ltd Contact Details

Ideal Systems Ltd, 1-2-285 Domalguda, , , Hyderabad - 500 029

Phone - 91-040-27638111/4445

Fax - 91-040-27632184

Email - ispl@isplindia.com

Website - www.isplindia.com