Inspros Engineers Ltd - IPO

Inspros Engineers Ltd IPO Details

Initial public offer of upto 58,21,000 equity shares of face value of Rs. 10/- each (Equity Shares) of the company at an offer price of Rs. [*] per equity share (including a share premium of Rs. [*] per equity share) for cash, aggregating up to Rs. [*] crores (Public Offer) comprising a fresh issue of upto 47,00,000 equity shares of face value of Rs. 10/- each aggregating to Rs. [*] crores (the Fresh Issue) and an offer for sale of upto 3,75,000 equity shares of face value of Rs.10/- each comprising of upto [*] equity shares of face value of Rs.10/- each by Vipin Mullick and upto 7,46,000 equity shares of face value of Rs. 10/- each by Janak Mullick (the Selling Shareholders) (Offer for Sale) aggregating to Rs. [*] crores, out of which [*] equity shares of face value of Rs. 10/- each of face value of Rs. 10/- each, at an offer price of Rs. [*] per equity share for cash, aggregating Rs. [*] crores will be reserved for subscription by the market maker to the offer (the Market Maker Reservation Portion). The public offer less market maker reservation portion i.e. offer of [*] equity shares of face value of Rs. 10/- each of face value of Rs. 10/- each, at an offer price of Rs. [*] per equity share for cash, aggregating up to Rs. [*] crores is hereinafter referred to as the Net Offer. The public offer and net offer will constitute [*]% and [*]% respectively of the post- offer paid-up equity share capital of the company. The price band and the minimum bid lot size will be decided by the company.

Objective of issue

Funding capital expenditure requirements towards purchase of machinery equipment and civil work in its existing mfg dacility. Funding working capital requirements of the company. General corporate purposes.

Inspros Engineers Ltd Contact Details

Inspros Engineers Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - cslgl@inspros.net

Website - www.inspros.net