Business Standard

Indus Towers Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

4,172.76 cr

Price Range (₹)

220

Lot Size

50

Min Investment (₹)

11,000.00

Listing Exchange

MumbaiNSE

Open Date

11-Dec-2012

Close Date

14-Dec-2012

Listing Date

28-Dec-2012

Indus Towers Ltd News

    The Shares of Indus Towers Ltd have now been listed.

    Indus Towers Ltd IPO Details

    Public issue of 188,900,000 equity shares of a face value Rs. 10 each of Bharti Infratel Limited (The Company or The Issuer) for cash at a price of Rs. 220* per equity share (including a share premium of Rs. 210 per equity share) for QIB bidders (Other than Anchor Investors) and non institutional bidders and at a price of Rs. 210 per equity share (including a share premium of Rs. 200 per equity share) for retail individual bidders, aggregating to Rs. 4172.76 crores consisting of a fresh issue of 146,234,112 equity shares aggregating up to Rs. 3230.28 crores (The Fresh Issue) and an offer for sale of 42,665,888 equity share by the selling shareholders aggregating to Rs. 942.48 crores (The Offer for Sale and together with the fresh issue, The Issue). A discount of Rs. 10 to the issue price is being offered to Retail individual bidders. The issue will constitute 10% of the post-issue paid-up equity share capital of the company.Issue Price : Rs. 220 per equity share of face value of Rs. 10 each.The issue price is 22 times the face value of the equity shares.* A discount of Rs. 10 to the issue price has been offered to Retail Individual Bidders. The Retail Discount does not exceed 5% of the issue price. Anchor investor issue price is Rs. 230 per equity share.

    Objective of issue

    Installation of 4,813 new towers. Upgradation and replacement on existing towers. Green initiatives at tower sites. General corporate purposes.

    Indus Towers Ltd Contact Details

    Indus Towers Ltd, Plot No 17-24, Vittal Rao Nagar, Madhapur, Hyderabad-500081

    Phone - 91-040-44655185/44655000

    Fax - 91-040-23420814/23420857

    Email - compliance.officer@industowers.com

    Website - www.industowers.com