Jainam Ferro Alloys (I) Ltd - IPO

Jainam Ferro Alloys (I) Ltd IPO Details

Initial public offer of 28,02,000 equity shares of face value of Rs. 10.00/- each (Equity Shares) of Jainam Ferro Alloys (I) Limited (JFAIL or the Company or the Issuer) for cash at a price of Rs. 70/- per equity share including a share premium of Rs. 60/- per equity share (The Offer Price) aggregating to Rs. 19.61 crores (The Offer) comprising of a fresh issue of 13,02,000 equity shares aggregating to Rs. 9.11 crores (The Fresh Issue) and an offer for sale of 15,00,000 equity shares by the selling shareholders (Offer for Sale) aggregating to Rs. 10.50/- crores of which 1,50,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 70/- per equity share including a share premium of Rs. 60/- per equity share aggregating to Rs. 1.05 crores will be reserved for subscription by market maker to the offer (the Market Maker Reservation Portion). The offer less the market maker reservation portion i.e net offer of 26,52,000 equity shares of face value of Rs. 10.00/- each at a price of Rs. 70/- per equity share including a share premium of Rs. 60/- per equity share aggregating to Rs. 18.56 crores (The Net Offer). The offer and the net offer will constitute 26.53% and 25.11% respectively of the post offer paid up equity share capital of the company.The face value of the equity share is Rs. 10/- each.

Objective of issue

To Meet Working Capital Requirements. General Corporate Purpose.

Jainam Ferro Alloys (I) Ltd Contact Details

Jainam Ferro Alloys (I) Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - cs@jainamferro.com

Website - www.jainamferro.com