Jai Hanuman Irrigation Ltd - IPO

Jai Hanuman Irrigation Ltd IPO Details

Initial public issue of 45,92,000 equity shares of face value of Rs. 10 each (equity shares) of Jai Hanuman Irrigation Limited (company or issuer) for cash at a price of Rs. 17 per equity share (including a share premium of Rs. 7 per equity share). Aggregating Rs. 7.81 Crores (the issue). Of which 2,40,000 equity shares of face value Rs. 10/- each for cash at a price of Rs. 17 per equity share, aggregating Rs. 0.41 Crores will be reserved for subscription by the market maker to the issue (the market maker reservaation portion) the issue less Market Maker reservation portion i.e. Issue of 43,52,000 equity shares of face aalue of Rs. 10 each for cash at a price of Rs. 17 per equity share, aggregating Rs. 7.40 Crores is hereinafter referred to as the net issue. The issue and the net issue will constitute 44.34% .and 42.02% respectively of the fully diluted 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 of Rs. 17/- is 1.7 times of the face value of the equity shares.

Objective of issue

Funding the Working Capital Requirements of the company. General corporate purposes.

Jai Hanuman Irrigation Ltd Contact Details

Jai Hanuman Irrigation Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - investors@jaihanumanirrigationltd.com

Website - www.jaihanumanirrigationltd.com